Milestone signs contract for three helicopters with PHI – Helicopter Investor

Milestone Aviation has signed three helicopter lease agreements with PHI Aviation. The agreements include the placement and expansion of two Sikorsky S92 helicopters and one Leonardo AW139 helicopter.

The latest agreement brings PHI’s total fleet on lease from Milestone to four, including the existing lease of an S92 helicopter. The four helicopters will be deployed to the Gulf of Mexico and Australia, carrying passengers for what are said to be the world’s largest integrated oil and gas companies.

Pat Sheedy, President and CEO of Milestone, said the company was delighted to expand its partnership with PHI and support the operator’s growing global offshore operations. “With the delivery of these helicopters, we have quadrupled the number of Milestone-owned aircraft operating within the PHI fleet.” Sheedy said. “We wish PHI continued success and look forward to working with them for many years to come.”

Keith Mullett, MD, PHI Aviation, said the company is looking forward to expanding its partnership with Milestone in two of its most important markets. “The increase in flying activity meant that the existing and mostly PHI-owned fleet was fully deployed,” he said. “This agreement with Milestone allows us to continue to meet the growing demands for the high quality service that our customers have come to expect.

Meanwhile, in July, Milestone delivered an AW139 helicopter to Heliconia Group. The medium twin-engine helicopter will be based in Senegal and used to support the company’s offshore operations. (Image courtesy of Milestone Aviation).

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