Milestone agrees deal with NHV for four H175s and an AW169

Milestone Aviation has signed purchase assignment and leaseback agreements with NHV for four Airbus H175s and an AW169 helicopter. One H175 has already been delivered and is supporting offshore oil and gas operations in Denmark. The remaining three new units are due for delivery in 2025 and 2026.

The new Leonardo AW169 helicopter is scheduled for delivery in the coming weeks and will be deployed for offshore oil and gas missions in Côte d’Ivoire.

Pat Sheedy, CEO, Milestone said the lessor was delighted to expand its relationship with NHV. “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,” said Sheedy. But with the fragile balance between supply and demand, maintaining discipline will be key to achieving a sustainable market environment for everyone, he added.

“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, 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.”

Meanwhile, read more about Sheedy’s commitment to strict market discipline here.

Also earlier this year, Hütsch told us why the current resurgence in offshore offered a vital opportunity to generate profit and to plan growth.