LCI Helicopters to manage new fleet for SQN Capital
LCI Helicopters has entered into a fleet management agreement with SQN Capital Management in New York City to manage a fleet of seven helicopters. The announcement was made during the 2015 Heli-Expo in Orlando, Florida.
LCI Helicopters will offer a range of services to SQN including asset management, insurance, rent collection, maintenance oversight, inspections, and remarketing services.
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Mike Platt, CEO of LCI, says: “We are very pleased to have the opportunity to offer SQN Capital Management the same high quality professional management services to manage their fleet as we employ for our own.”
SQN is a registered investment advisor to institutional investors, specialising in alternative asset management.
Michael Miroshnikov, executive vice president of SQN Capital, added: “LCI is a well-respected proven leader in aircraft asset management and we are pleased to place our assets in their capable hands to maintain and enhance the value of our fleet.”
LCI announced close to $1 billion in new orders at the 2014 HAI Heli-Expo and has also attracted investment of more than $100 million from KKR Financial Holdings, LLC.
Since its inception in 2004, the company has acquired fixed wing and rotary aircraft with a combined value of approaching $6 billion.