Milestone agrees sale and leaseback with PHI for one Airbus H175
Milestone Aviation agrees a sale and leaseback agreement with PHI Aviation.
Milestone Aviation has signed a sale and leaseback agreement for one super-medium Airbus H175 helicopter with PHI Aviation. Recently delivered to PHI in Australia, the helicopter will fly offshore energy missions.
Pat Sheedy, CEO, Milestone welcomed the opportunity to extend the lessor’s relationship with PHI. “As the offshore oil and gas market continues its transition to new technology super-medium helicopters, Milestone is well-positioned to meet the needs of our customers with a portfolio consisting of the most modern fuel-efficient technology helicopters on the market,” he said.
Scott McCarty, CEO, PHI welcomed the new arrival. “The addition of the H175 enhances our capabilities in supporting offshore energy operations in Australia, providing our customers with increased efficiencies and operational flexibility,” he said.
A division of PHI Group, PHI Aviation transports about 400,000 passengers each year. The company operates a global fleet of more than 100 helicopters providing, transport for offshore exploration, pipeline production platforms, ships and vessels, and search and rescue (SAR) services to customers worldwide.
Meanwhile, earlier this week, Milestone Aviation revealed that the company in partnership with Helitak Firefighting Equipment – the Australian firefighting equipment manufacturer – have received an FAA Supplemental Type Certificate for the FT5000 fire tank fitted to the Sikorsky S-92A helicopter.
