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