Libra Group acquires KKR’s stake in LCI – RotorHub
Aviation leasing specialist LCI has announced that its parent company, the Libra Group, has acquired the minority interest in LCI Helicopters held by global investment firm KKR.
Jaspal Jandu, CEO of LCI, said: “We would like to thank the KKR team for their exemplary support these last seven years, helping LCI grow across sectors including offshore wind power and search and rescue.
“We are equally delighted that the Libra Group has returned to principal ownership. It has always been a valued and supportive parent given its experience in building asset-intensive transportation businesses, particularly in the aviation space.”
LCI has undertaken in excess of US$8 billion of transactions in the fixed-wing and helicopter markets since it was founded in 2004. Its rotorcraft fleet comprises modern medium and super-medium helicopters manufactured by OEMs such as Leonardo, Airbus Helicopters and Sikorsky. These aircraft are in operation across four continents in a variety of sectors, including emergency medical services, search and rescue, offshore energy and maritime pilot transfer.
George Logothetis, chairman and CEO of the Libra Group, noted: “We are proud of what LCI has achieved and look forward to being fully invested in LCI’s future as the global market for helicopter deployment looks set to increase and fixed-wing aviation is on the road to recovery.”
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