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Milestone Aviation Signs Lease Agreements with PHI Aviation for 2 Sikorsky S92s and 1 Leonardo AW139

DUBLIN – Thursday, October 20, 2022 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has signed lease agreements with leading commercial helicopter operator, PHI Aviation (“PHI”) for three helicopters.

The agreements include the placement and extension of two Sikorsky S92 helicopters and one Leonardo AW139 helicopter, bringing PHI’s total fleet on lease from Milestone to four, including the existing lease of one S92 helicopter.

All four helicopters are supporting PHI’s growing operations in the Gulf of Mexico and Australia, transporting passengers for the largest integrated oil and gas companies in the world.

Pat Sheedy, President & CEO of Milestone, said, “We are delighted to expand our partnership with PHI and to support their growing global offshore operations. With the delivery of these helicopters, we have quadrupled the number of Milestone-owned aircraft operating within the PHI fleet. We wish PHI continuing success and look forward to working with them for many years to come.”

Keith Mullett, Managing Director, PHI Aviation, said, “We are excited to extend our working relationship with Milestone in two of our most important markets. Increased flying activity had meant PHI’s existing, and mostly owned fleet, was fully deployed. This arrangement with Milestone enables us to continue to meet the increased demands for the high-quality service our customers expect. We look forward to a long and productive relationship with Milestone.”