LCI Teams with LCM on Sloane EMS Deal – AIN
Aircraft lessor LCI recently gained Sloane Helicopters as a customer with the lease of two new Leonardo AW109SPs. Configured for EMS Operations, the helicopters are the first of the type in the LCI fleet and were recently delivered to Sloane’s base at Sywell, Northhamptonshire, in the UK.
Sloane will operate the helicopters on behalf of The Air Ambulance Service, which provides air ambulance services in Warwickshire, Northamptonshire, Derbyshire, Leicestershire, and Rutland.
LCI formed a co-investing vehicle with investment management firm LCM Partners for the acquisition of the AW109SPs. LCI chief financial officer Praveen Vetrivel called the co-investment vehicle with LCM Partners “further evidence that helicopters are viewed as resilient, long-term and desirable asset class.”
LCI said it has seen consistent growth over the past decade and currently manages around $1 billion worth of assets in partnership with a number of financial institutions. LCM Partners currently manages around €50 billion worth of assets across 2,800 portfolios.
By Mattie Bohanan, AIN
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