Milestone signs purchase assignment and leaseback agreements with NHV for 4 Airbus H175 helicopters and 1 Leonardo AW169 helicopter
PRESS RELEASE
DUBLIN. The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed purchase assignment and leaseback agreements for five helicopters with leading helicopter service provider NHV Group (“NHV”).
The deal includes four Airbus H175 helicopters, one of which has already delivered and is currently supporting offshore oil and gas operations in Denmark, with the remaining three new units scheduled for delivery in 2025 and 2026. In addition, a new Leonardo AW169 helicopter is expected to deliver in the coming weeks and will be deployed for offshore oil and gas missions in Côte d’Ivoire.
“We are delighted to expand our relationship with NHV, supporting their ongoing fleet requirements,” said, Pat Sheedy, Chief Executive Officer, Milestone. “The offshore market has already begun the transition to new technology aircraft with the introduction of Super Medium helicopters in most oil and gas regions around the world.
However, given the fragile balance between supply and demand, maintaining discipline will be key to achieving a sustainable market environment for all participants.
Milestone has continued to invest in the most modern fuel-efficient technology and boasts the largest fleet of Heavy and Super Medium aircraft, meaning we are ideally positioned to support our customers’ strategic fleet decisions through the financing of new and used aircraft.”
Thomas Hütsch, CEO of NHV Group, said: “NHV is looking forward to receiving the new H175 units in the coming years to support our expanding portfolio of offshore operations in the North Sea, as well as the second AW169, which is part of NHV’s fleet renewal strategy to provide a modern fleet in support of offshore contracts in Côte d’Ivoire.”
About Milestone
Milestone Aviation Group, an AerCap company, is the world’s leading helicopter leasing and financing company. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory.
The company supports approximately 50 customers in approximately 35 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining, fire-fighting, and other utility missions.
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.
About NHV
NHV Group specialises in business-to-business helicopter services. The Group conducts operations from several bases across Europe and West Africa and they have a team of 450+ employees. NHV’s operational focus is on the energy-producing industry, including the Renewables Sector.
Their scope of work also includes Maritime Services and Harbour Pilot Services, and Maintenance, and Repair and Overhaul (MRO) solutions. In addition to helicopter operations, NHV has set up an in-house Training Academy, which offers ATO pilot training and HHOP training, and delivers EASA and CAA certified Part 147 training.
The Group has a multipurpose high-value fleet of over 35 helicopters. NHV’s majority shareholder is Ardian, the world-leading private investment house with assets of US$150bn managed or advised across Europe, the Americas, Asia, and the Middle East.