Waypoint acquires 23 helicopters from Helicopter Transportation Group

Waypoint Leasing announces that it has acquired assets from Norway’s Helicopter Transportation Group.

Waypoint Leasing 3

Waypoint Leasing announces at Heli-Expo 2014  that it has reached an agreement with Helicopter Transportation Group AS (HTG) in Norway to acquire assets including 23 helicopters and affiliated contracts.

Waypoint has already taken delivery of seven of the 23 helicopters and expects to take delivery of the remaining aircraft within 60 days.  The aircraft models include the Eurocopter EC155 B1, EC145 and AS350B3 and the Bell 412EP, which are currently on long-term contracts supporting oil and gas, emergency medical and government firefighting operations in Norway, the UK, the Netherlands, Greenland, Spain, Italy and Chile.

Ed Washecka, CEO of Waypoint Leasing, said: “This transaction significantly expands our high quality fleet and underscores our ability to serve customers around the world in key end-markets. We are particularly pleased to add some diversity to our fleet by acquiring assets supporting the EMS and parapublic markets.”

“We look forward to building lasting relationships with these new customers and delivering them our world-class service,” added Washecka.

Aage Krog, chairman of HTG, said: “Having worked closely with Ed Washecka for many years, I am confident that Waypoint will bring value and expertise to our existing customers and meet each of their financing and service needs over the long-term.”

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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