Following the acquisition, SMFLH and LCI will increase the number of aircraft owned, managed and on order to approximately 310.

A group of leading commercial customers including Bristow and Shell will shape the development of next-generation VTOL systems, focusing on autonomy, UAS and hybrid-electric propulsion.

Unlike the fixed-wing market, portfolio sales have not been as prevalent in helicopter leasing. Milestone is offloading a mix of Sikorsky S-92, Airbus H135, Bell 412 and Leonardo AW109, AW139 and AW189s.