The 781st Transport Helicopter Squadron (Serbo-Croatian: 781. transportna helikopterska eskadrila / 781. транспортна хеликоптерска ескадрила) was a helicopter squadron of Yugoslav Air Force formed in October 1960 as 48th Helicopter Squadron (Serbo-Croatian: 48. helikopterska eskadrila / 48. хеликоптерска ескадрила).

It was equipped with Soviet-made Mil Mi-4 transport helicopters.

[1] Squadron has been moved to Pleso airport near Zagreb by order from January 1973, being reassigned to 111th Support Aviation Regiment.

In 1990 due to the "Jedinstvo 3" reorganization plan, 781st Squadron was disbanded.

Personnel and equipment were attached to 780th Transport Helicopter Squadron of same 111th Aviation Brigade.