Lessor Milestone Places Trio of Helicopters with PHI

 - October 24, 2022, 5:50 AM
Milestone Aviation has signed lease agreements with PHI Aviation for 2 Sikorsky S92s and 1 Leonardo AW139, bringing PHI’s total fleet on lease from Milestone to four. (Photo: Milestone Aviation)

Helicopter leasing company Milestone Aviation Group has signed lease agreements with operator PHI Aviation for three helicopters. The agreements include the placement and extension of two Sikorsky S-92s and one Leonardo AW139, bringing PHI’s total fleet on lease from Milestone to four, including the existing lease of one S-92.

All four helicopters are supporting passenger flights for PHI’s growing operations supporting oil and gas exploration and extraction in the Gulf of Mexico and Australia. Keith Mullett, PHI's managing director, said the leased helicopters will augment the company’s owned aircraft in “two of our most important markets.”

“Increased flying activity had meant PHI’s existing, and mostly owned fleet, was fully deployed. This arrangement with Milestone enables us to continue to meet the increased demands for the high-quality service our customers expect,” he said.

Founded in 2010, Milestone has the world’s largest owned civil helicopter fleet. In 2021, the company was acquired by AerCap, the largest owner of commercial aircraft in the world with a managed fleet of more than 2,000 aircraft.