LCI concludes sale-leaseback of H225 helicopter
LCI Helicopters has concluded the sale-and-leaseback of a second Airbus H225 helicopter delivery to CHC Helicopter.
The financing of the Airbus H225 is the second of two aircraft which were acquired by CHC in 2014.
Valued in excess of $50 million, the sale-and-leaseback transactions are the first in what both LCI and CHC hope to be a long-term partnership between the companies.
“We are delighted to forge this exciting and novel partnership with CHC which supports their strong worldwide customer base.”
Crispin Maunder, executive chairman of LCI said: “We are delighted to forge this exciting and novel partnership with CHC which supports their strong worldwide customer base. Leasing provides a flexible and cost-effective means of replenishing and developing helicopter fleets, and we look forward to supporting CHC’s strategies and operations in the years ahead.”
“CHC is delighted to have entered into this new relationship with LCI.”
Lee Eckert, chief financial officer of CHC said: “CHC is delighted to have entered into this new relationship with LCI. The provision of attractive and flexible leasing terms positions us to meet the forecasted long term demand from oil and gas customers while improving our capital efficiency.”
LCI is the aviation leasing arm of the Libra Group. Its helicopter division comprises a fleet of delivered and ordered helicopters approaching 90 new units, including the market-leading AgustaWestland AW139, and shortly to include the AW189 and AW169 helicopters.
Earlier this year LCI Helicopters is committed to the expansion of its fleet with a firm order for an additional 11 AgustaWestland aircraft valued at $125 million. The company also announced placement of 10 new AgustaWestland AW139 helicopters for air ambulance and search and rescue utilisation in Australia.