Milestone Signs Lease Agreements with Aramco for Five Helicopters

March 9, 2023

The Milestone Aviation Group Limited, a global leader in helicopter leasing, announced it has signed lease agreements for five helicopters with Aramco.

The agreements include the placement of three Leonardo AW139 helicopters and two Airbus H145 helicopters. All five aircraft are factory new and will be deployed on critical offshore oil and gas missions in Saudi Arabia with deliveries scheduled throughout 2023.

Milestone’s relationship with Aramco began in 2016 and the addition of these five units brings Aramco’s total helicopter fleet on lease from Milestone to 35 helicopters.

Speaking at HAI Heli-Expo in Atlanta, Michael York, the Head of Emerging Markets, Milestone Aviation, said, “Aramco has pioneered offshore oil and gas helicopter operations in the Middle East for decades and we are honored to support Aramco as their trusted leasing partner, as they continue to expand and modernize their fleet.”

Khalid Al-Natour, Head of Aramco Aviation, said, “We are delighted to continue our relationship with Milestone. The leasing model has been tremendously successful for Aramco as it has allowed us to focus on our operational excellence while de-risking asset ownership and depreciation costs. We know we can rely on Milestone, and we look forward to working together as we add these new helicopters to our fleet.”