Milestone signs lease agreements with Offshore Helicopter Services for five Sikorsky S-92 helicopters

The Milestone Aviation Group Limited (Milestone), the global leader in helicopter leasing, today announced that it has signed lease agreements with Offshore Helicopter Services UK Limited (OHS) for five Sikorsky S-92 helicopters.

The agreements include the extension of three Sikorsky S-92 helicopters and the placement of two additional S-92s which are scheduled to deliver in 2023. The oil and gas configured helicopters will support OHS’s offshore operations in the North Sea.

“We are pleased to continue building our relationship with OHS, having worked closely together for many years,” said, Pat Sheedy, the CEO of Milestone Aviation. It gives us great satisfaction to be able to support them and their new parent company, Ultimate Aviation, as they expand their offshore fleet, and we congratulate them on their new partnership.

Paul Kelsall, Managing Director of OHS, commented, As part of our fleet strategy to meet increased demand from customers and improve airframe utilization, we have chosen to phase out first generation S92s and replace them with younger S92s. This significant deal strengthens our relationship with Milestone Aviation, a key supplier, and underlines our commitment to providing clients with the very best equipment and service level.

Shaun Roseveare, Chief Executive Officer of Ultimate Aviation, added, Operational excellence is absolutely vital in the North Sea, and this investment in new aircraft is key to ensuring OHS is a market leader for years to come. Our active support for this transaction is a sign of our confidence in the vision to grow the capabilities of our offering there.