Milestone Signs First Lease Agreement with China Southern Airlines for One Sikorsky S-92 Helicopter
ANAHEIM, CA – February 26, 2024 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed a lease agreement with China Southern Airlines General Aviation (“CSAGA”) for a Sikorsky S-92 helicopter.
The helicopter is configured for offshore passenger transport and will be deployed on critical offshore oil and gas missions in China from CSAGA’s Zhuhai base. The lease of this S-92 helicopter follows the sale of an S-92 helicopter by Milestone to CSAGA in 2023.
Speaking at HAI Heli-Expo in Anaheim, Michael York, the Head of Emerging Markets, Milestone Aviation, said, “We are delighted to further our relationship with China Southern Airlines with the signing of this lease agreement and look forward to continuing to support them with their fleet requirements.”
Frank Cai, Deputy GM of CSAGA for Aircraft Procurement and Maintenance, said, “The introduction of this S-92 not only helps CSAGA boost market share in China’s oil and gas helicopter service industry but also marks a new era of collaboration between CSAGA and Milestone Aviation.”
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. www.milestoneaviation.com
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 China Southern Airlines General Aviation
CSAGA, a China Southern Airlines company, is a leading general aviation corporation in China with more than 40 years of helicopter and fixed-wing operation experience. CSAGA currently manages more than 30 helicopters of 11 types and is fully experienced in all kinds of flying missions such as offshore oil and gas, offshore turbine maintenance, power-line patrol, live-line maintenance, insulator flushing, tower erection, firefighting, SAR, passenger and cargo transport.
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