Milestone finances fourth Blueway EC225

                       Eurocopter EC225
Milestone Aviation Group announced that it is financing the delivery of a Eurocopter EC225 to Blueway Offshore Norge AS in Norway.

The Norwegian registered aircraft will be used for crew change missions to offshore oil and gas platforms in the North Sea. The European delivery is the first since the aircraft was cleared for a full return to flight. The aircraft was handed over to Blueway subsidiary DanCopter last week in France during a special handover ceremony.

“We are delighted to support Blueway’s growth through the financing of an additional EC225,” said Robert Thor Dranitzke, Milestone’s managing director. “Blueway is a great operator, and we are excited to expand our partnership while also supporting the safe return to service of the EC225.”

“This aircraft, acquired with our partner Milestone, has been fitted by Eurocopter with the full range of EASA-mandated safety modifications as well as all of the latest reliability improvements from the EC225 maturity programme,” said Dag Johan Sætre, Blueway’s technical ddirector. “It is a great aircraft and a mainstay of the North Sea fleet. We will work with purpose alongside our customers to safely return it to service.”

Milestone has a growing EC225 fleet, with 10 units currently on lease to 4 operators utilising the assets in Australia, Brazil, Denmark, Norway and the United Kingdom. Additionally, the company has 30 EC225 aircraft on order, valued at €670 million ($885 million) at list prices.

These aircraft will to be delivered over the next 5 years beginning later this year.

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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