LCI orders 50 Alia eVTOLs from Beta
LCI has ordered 50 Alia 250s from eVTOL manufacturer Beta Technologies with an option for up to 125. The leasing company has paid a deposit. Beta is one of the most developed electric vertical...
Tagged: Jaspal Jandu
LCI takes 100th engine from Pratt & Whitney Canada
LCI has taken delivery of its 100th helicopter engine from Pratt & Whitney Canada. “Today’s announcement reflects LCI’s commitment to maintaining a young, modern and diverse fleet, and Pratt & Whitney Canada’s commitment to advanced,...
BREAKING: Libra Group buys out KKR’s stake in LCI Helicopters
LCI has revealed its parent company, the Libra Group, has acquired the remaining minority interest in LCI Helicopters held by global investment firm KKR. Jaspal Jandu, CEO of LCI, said: “We would like to...
LCI and SMFL add 12 helicopters to joint venture
LCI and Sumitomo Mitsui Finance and Leasing (SMFL) are adding 12 helicopters to their joint venture. The 12 helicopters are worth $120m and are added to the existing $230m 19 helicopter joint venture which...
LCI’s Praveen Vetrivel named in Airline Economics’ awards
Praveen Vetrivel, chief financial officer (CFO) at helicopter leasing company LCI has been named in Airline Economics’ 40 under 40 awards. The 40 under 40 awards celebrates talented individuals within aviation finance and leasing,...
LCI Aviation raised more than $1bn since 2019
Helicopter lessor LCI Aviation has raised more than $1bn of helicopter capital since 2019, according to the company. The figure relates to financings and refinancings through to June 30th, 2021, and covers a total...
LCI appoints Jaspal Jandu new CEO
Helicopter lessor LCI has announced the promotion of Jaspal Jandu to CEO. Former CEO, Michael Platt becomes vice chairman, and Praveen Vetrivel is appointed chief financial officer (CFO) with immediate effect. Jandu has been...
Helicopter Investor London 2020 – Appraising appraisers
Valuing helicopters can be difficult. With a wide variety of missions, configurations and helicopter types – not to mention big price fluctuations – providing useful and accurate data for investors is harder than ever...
LCI launches its first co-investment vehicle
Helicopter lessor LCI has just launched its first helicopter co-investment vehicle, in partnership with a subsidiary of Paris-based investment firm Flexam Invest. The co-investment vehicle offers potential investors the opportunity to invest in...
LCI closes $55 million capital markets loan
Lease Corporation International (LCI) has closed its first capital markets financing with a $55 million five-year loan. CIT Group and Prudential Capital Group led the issue. The helicopter lessor will use the cash to...