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NEWS | AW189 in IE Milestone Aviation

Five New AW189s for Equinor’s North Sea Oil and Gas Operations

Milestone Aviation awarded contract for purchase and leaseback of 5 new Leonardo AW189 helicopters with Equinor for offshore oil and gras transport missions in the North Sea

In this arrangement, Equinor initially ordered and paid for these helicopters. Before taking delivery, they sold them to Milestone Aviation and then entered into a lease agreement to use the helicopters. This strategy allows Equinor to free up capital while still retaining operational control of the aircraft.





Five New AW189s for Equinor’s North Sea Oil and Gas Operations
Milestone Aviation, January 31, 2025 - DUBLIN, Ireland - The Milestone Aviation Group Limited, the global leader in helicopter leasing, today announced that it has been awarded the contract for the purchase and leaseback of five new Leonardo AW189 helicopters with Equinor Energy AS, a leading supplier of energy to Europe and largest oil and gas operator on the Norwegian Continental Shelf.

The aircraft are scheduled to deliver in 2025 through 2026 and will be deployed on offshore missions in the North Sea.

Pat Sheedy, the Chief Executive Officer of Milestone, said, “Milestone is very pleased to announce this significant deal with Equinor after successfully winning the competitive tender process. This agreement highlights the strength and agility of Milestone’s platform, including our unmatched capabilities in terms of speed of execution. We thank Equinor for their business and look forward to working with the team as these aircraft begin delivering in the coming months.”

About Milestone : Milestone Aviation Group, an AerCap company, is the world’s leading helicopter leasing and financing company. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports approximately 50 customers in approximately 35 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining, fire-fighting, and other utility missions.

About AerCap : AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.


  See also


AW189 in IE Milestone Aviation
Oil and Gas Industry in NO Norway
NO Equinor




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