LCI to lease new AW139 to HeliService

15 October 2014

Lease Corporation International (LCI), the aviation leasing arm of the Libra Group, has entered into an agreement to lease a new AgustaWestland AW139 to HeliService international, the leading provider of offshore services, passenger and cargo transportation, polar flights and helicopter maintenance services.

This will be the first new AW139 in HeliService’s fleet. The helicopter, scheduled for delivery in November, will be operated in the North Sea and Baltic regions, primarily to support the growing offshore wind industry. To meet the exacting requirements of these missions, this particular helicopter has been built to a high specification, including dual hoists.

Established in 1987, HeliService international GmbH, based in Northern Germany, currently operates a fleet of AW139, S-76, AW Grand and MBB BO 105 helicopters on missions in Northern Europe and also in Antarctica and the Arctic

LCI Executive Chairman, Crispin Maunder, says: "We are delighted to form this new partnership with HeliService, and have worked closely with them to define a specification that will be of immense benefit for their customers over the years to come.”

Eberhard Herr, Managing Director at HeliService international GmbH says: “Working with the LCI team has been a very positive experience. Our negotiations have been constructive and expedient, driven by the goal of achieving fair solutions for both parties. I am sure we have found the right partner for the expansion of my company.“
Earlier this month LCI successfully closed a five-year, US$325 million asset–backed credit facility for its helicopter-leasing arm, LCI Helicopters.

LCI’s helicopter division comprises a fleet of delivered and ordered helicopters approaching ninety new units, including the market-leading AgustaWestland AW139, AW169 and AW189 helicopters and next-generation Airbus Helicopters EC175 and the newly-unveiled Airbus EC225e, for which LCI is a launch customer.

LCI’s helicopters are already in operation across five continents – Asia, Australasia, Africa, Antarctica, and Europe.

LCI announced almost US$1 billion in new orders at the HAI Heli-Expo in Anaheim, California, earlier this year and has also attracted investment of more than US$100 million from KKR Financial Holdings, LLC, to address growing oil and gas sector demand, as well as search and rescue and air ambulance services. Since its inception in 2004, LCI has acquired fixed wing and rotary aircraft with a combined value of approaching US$6 billion.

LCIH will be attending this year’s Helitech conference in Amsterdam, Crispin Maunder and Michael Platt will be present along with the LCI Helicopters’ marketing team at Stand H18.

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