Commercial

Milestone Boosts World’s S-92 Fleet to 79 Aircraft

By R&WI Staff | July 3, 2019
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Milestone Aviation Group Limited is expanding what is already the world's largest fleet of Sikorsky S-92As to a total 79 of the helicopters.

The company recently announced the acquisition of an incremental Sikorsky S-92A aircraft, MSN 920155, bringing their total S-92A fleet to 79 units.

"As the largest owner of the S-92A globally, the purchase illustrates Milestone’s ongoing commitment to the type, which is the primary aircraft servicing the offshore oil and gas industry as well as serving search and rescue and executive transport," Milestone said in a statement.

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Pat Sheedy, managing director of portfolio and underwriting at Milestone, said "the S-92A is the cornerstone of our Oil and Gas portfolio and, given the size and scale of our fleet, we believe we are uniquely positioned to manage these assets and provide optimal fleet & support solutions for our customers and the overall industry. We continue to look to expand our S-92A portfolio where we see attractive opportunities in the secondary market.”

Milestone’s owned and debt-financed fleet of S-92A helicopters accounts for more than a third of all S-92A aircraft in operation globally. Having been referred to by the FAA certification board as the “safest helicopter in the world,” and operating more than 1.5 million fleet flight hours, the twin-engine medium-lift helicopter offers strong economics, reliability, capacity and safety required for a range of operators’ missions.

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