Investor
Investor About the share Dividends Reports and presentations Financial Calendar Capital Markets Update 2025 Credit info
Careers
Careers Open positions Graduates Apprentices Summer job
About us
About us Strategy Growth and value creation Executive Committee The Board of Directors Organisational structure and governance Sponsorship and support
Operations
Operations Sustainability Innovation Contractors and Suppliers Impact assessments
Newsroom
Newsroom Press releases & Stock exchange announcements Reports and presentations Media Library Articles Styleguide News Archive

21 February 2025

Vår Energi signs new helicopter contract

Sandnes, Norway 21 February 2025: Vår Energi ASA (OSE:VAR) has awarded Norwegian company Lufttransport RW AS the assignment of operating two new helicopters from manufacturer Leonardo SpA.

The new helicopters of AW189-type are part of a new generation of helicopters, which will be operating on the Norwegian Continental Shelf (NCS). Milestone Aviation Group will be the owner of the helicopters. 

Torger Rød, COO, at Vår Energi explained:

Ensuring safe and predictable transportation offshore is a priority - and indeed a prerequisite for our growth ambitions.  By introducing the Leonardo AW189 to the shelf we are making our helicopter traffic more resilient, reducing reliance on the single helicopter model currently in use on the NCS. Simultaneously, ensuring capacity for the future.

Extensive experience 
Lufttransport RW AS has extensive experience with Norwegian conditions and Leonardo helicopters, and the Norwegian Civil Aviation Authority has approved the company’s qualifications for offshore flights. The helicopter model AW189 is used throughout the offshore industry worldwide.  

The two helicopters will arrive in Norway during the summer of 2026 and will gradually commence operations that same year. The helicopters will operate out of Sola and Florø. 

Assuming ownership 
Vår Energi has also entered into an agreement with Milestone Aviation Group, a global helicopter leasing company, which will assume ownership of the AW189 helicopters upon delivery from Leonardo. 

Eva Fagernes, VP Supply Chain Management for Vår Energi clarified:

The contract with Lufttransport RW AS gives us a third option for shuttle services. Hence, ensuring high-quality technical solutions, increased robustness and agility of our offshore operations.

Contract duration 
The agreement with Lufttransport RW AS has a 12-year maximum duration, if all options are exercised. The Milestone Aviation Group agreement has a duration of 12 years. 

Contacts

Investor relations  
Ida Marie Fjellheim, VP Investor Relations 
+47 905 09 291 

ida.fjellheim@­varenergi.no

Media
Liv Jannie Omdal, VP Communications
+4797667137 

liv.omdal@­varenergi.no