Rotorcraft
Milestone Sees Heavy Helo Rebound
After a long decline in offshore transport demand, all its Sikorsky S-92s are back in service
Sikorsky S-92 heavy twin helicopter
The owner of the world's largest fleet of Sikorsky S-92s, Milestone Aviation now has all of them back in service, including this one leased to China Southern Airlines General Aviation, as the offshore oil and gas industry demand ramps back up.

Milestone Aviation, the world’s largest helicopter lessor, has witnessed a widespread surge in demand for heavy twin-engine helicopters. The Dublin, Ireland-based company views the current market as marking a turnaround from the doldrums of the last decade.

“Heavy helicopters in general were probably the most impacted during the [2016 to 2020] downturn, particularly in oil and gas,” said company CEO Pat Sheedy. “I think at its peak, we probably had up to 25 [Sikorsky] S-92s in storage; right now we have none, so those are all back activated.”