HAI Convention News

Milestone in New Five-ship Lease Deal With Aramco

 - March 6, 2023, 1:03 PM
Milestone Aviation Group signed a five-aircraft deal with Aramco including three Leonardo AW139s. (Photo: Milestone Aviation Group)

Helicopter lessor Milestone Aviation Group (Booth C4431) has signed a five-aircraft deal with Aramco covering three Leonardo AW139s and two Airbus H145s. Leonardo will deliver the factory-new helicopters throughout this year for use in supporting offshore oil and gas missions in Saudi Arabia. The helicopters bring Aramco’s total fleet on lease from Milestone to 35. 

“Aramco has pioneered offshore oil and gas helicopter operations in the Middle East for decades,” said Michael York, Milestone head of emerging markets. “We are honored to support Aramco as their trusted leasing partner as they continue to expand and modernize their fleet.” 

“We are delighted to continue our relationship with Milestone," said Khalid Al-Natour, head of Aramco Aviation. "The leasing model has been tremendously successful for Aramco as it has allowed us to focus on operational excellence while de-risking asset ownership and depreciation costs.”  

Milestone serves more than 50 customers in 40 countries and is a division of AerCap.