Helicopter Investor

LCI orders another 11 helicopters

by · February 13

Leace Corporation International has ordered another 11 AgustaWestland helicopters valued at $125 million.

The new aircraft are converted from options held by the helicopter lessor, are made up of a mix of AW139, AW169 and AW189 aircraft. The aircraft will be delivered between 2015 and 2016.

ALSO READ: LCI closes a $325 million asset backed facility

Crispin Maunder, executive chairman of LCI, says: “We are reaffirming our commitment to the helicopter market by enlarging our future helicopter fleet to meet the continuing growth in demand levels. With many operators in both offshore oil production and Emergency Medical Services (EMS), we continue to see good long-term prospects in these important sectors.”

LCI’s helicopters are already in service supporting deep sea oil and gas production, along with aero-medical transport and search and rescue roles.

The company has placed almost $1 billion in new AgustaWestland and Airbus Helicopters orders at Heli-Expo 2014 in Anaheim, California.

The announcement was made while Crispin Maunder was attending the Helicopter Investor conference in London but sadly not actually at the event.

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Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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