LCI places AW139 helicopter with Indwe Aviation

Lease Corporation International (LCI) places an AgustaWestland AW139 helicopter with South African based Indwe Aviation.
AgustaWestland AW139 operated by Indwe Aviation of South Africa

AgustaWestland AW139 operated by Indwe Aviation of South Africa

Lease Corporation International has announced a new partnership with Indwe Aviation in George, South Africa, through the long-term lease of an AW139 helicopter.

The lease agreement marks the beginning of a new relationship for LCI with Indwe Aviation and its parent company Titan Helicopter Group, a leading provider of helicopter services with operations in South Africa, Namibia, Angola, Equatorial Guinea, Libya, Peru, Antarctica, Mozambique, India and the Ivory Coast.

ALSO READ: LCI orders more AgustaWestland helicopters

Lungisa Dyosi, CEO of Indwe Aviation, said: “The introduction of the AW139 helicopter to our fleet is a major advancement for offshore oil and gas operations in the region and the next step in our strategy to provide excellent service to the highest safety standards for all our customers, wherever they may be.”

The new helicopter will be operated by Indwe Aviation to provide offshore crew change support from George Airport, George, South Africa.

Martin Steynberg, chairman of the Titan Helicopter Group, said: “We are very pleased to have established this new relationship with LCI which represents a significant boost for the entirety of operations at Titan and Indwe through adoption of the very latest features in helicopter fleet safety and technology.”

Michael Platt, CEO of LCI, said: “With this delivery, we are bringing the AW139 to new markets and forming a new commercial relationship with Indwe Aviation and Titan Helicopter Group. Leasing is a very flexible solution with advantages for all partners in the arrangement”.

LCI announced almost $1 billion of helicopter commitments at the HAI Heli-Expo in Anaheim, California earlier this year shortly after KKR Financial Holdings agreed to invest more than $100 million its helicopter division to tap growing oil and gas sector demand.

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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