Investec financing three helicopters for LCI

AgustaWestland AW189 SAR

Investec is providing finance for two AW189 and one AW139 for Lease Corporation International.

“These transactions mark a continuation of Investec’s expansion into strategic helicopter financing and a strengthening of the relationship with LCI,” says Bradley Gordon, Head of Aviation Finance – Africa at Investec Bank. It also represents the first helicopter the bank has financed in Asia. “It’s also a sector with good growth fundamentals. Helicopters are a safe and cost-effective option over shorter distances, with a growing number of applications across sectors, such as offshore renewable installations.”

The two AW189 helicopters are on lease to a leading Asian operator, with one operating in Namibia and the other in Malaysia. The AW139 helicopter is on lease to an African operator operating in Namibia.

“This is the latest chapter in our growing relationship with Investec, which we launched in early 2020 with the financing of an AW169 aircraft,” said Praveen Vetrivel, CFO at LCI, “Investec has proven to be a committed and flexible financial partner, and we look forward to continuing to grow our work with them in the future.”