Milestone Signs Sale and Leaseback Agreement with PHI Aviation for Airbus H175 Helicopter

The Milestone Aviation Group Limited (“Milestone”) announces that it has signed a sale and leaseback agreement for one super-medium Airbus H175 helicopter with commercial helicopter operator PHI Aviation (“PHI”). The H175 helicopter, known for its long range, advanced avionics, and high payload capacity, was recently delivered to PHI and will fly offshore energy missions for its operations in Australia.

"We are pleased to extend our relationship with PHI and support their fleet expansion with the lease of this H175,” says Pat Sheedy, chief executive officer of Milestone. “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.”

“The Airbus H175 is a versatile and high-performing helicopter that perfectly aligns with PHI’s commitment to safety, reliability and excellence,” says Scott McCarty, CEO of PHI. “The addition of the H175 enhances our capabilities in supporting offshore energy operations in Australia, providing our customers with increased efficiencies and operational flexibility. PHI remains committed to investing in the latest technology, and we look forward to continuing our partnership with Milestone to deliver this advanced aircraft to our growing fleet.”

For more information, visit www.milestoneaviation.com.