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Milestone Aviation Group Limited, a GECAS company and a leader in helicopter leasing, and Airbus Helicopters announced Sept. 10 they will provide five H145s to Aramco Overseas Company, a subsidiary of Saudi Aramco — a fully integrated, global petroleum and chemicals enterprise.
The five aircraft are sourced from Milestone’s orderbook with Airbus and are expected to be delivered to Aramco over the next 12 months. This latest lease commitment of five light-twin aircraft will be in addition to the 24 medium aircraft Milestone currently has contracted on lease to Aramco.
“Aramco’s trust in Milestone’s ability to deliver certainty of execution — coupled with our financial and technical capabilities — is greatly appreciated by our team,” said Milestone’s president and CEO Daniel Rosenthal. “We take pride in the fact that our long-term partnership approach to further assist Aramco with the introduction into service of their comprehensive medium and light-twin fleet renewal program now places Aramco as one of Milestone’s largest global customers.”
“We are pleased that Aramco has selected the H145 for its light-twin fleet renewal program in the Kingdom of Saudi Arabia, which is a key and historic partner for Airbus and home to our subsidiary in the region,” said Airbus Helicopters’ CEO Bruno Even. “We also thank Milestone for enabling the introduction of the H145 to a new operator through their long-standing relationship with Aramco and their existing orderbook with Airbus.