This website uses cookies
More information
Site Filter — Worldwide / All Aircraft
LCI launches first helicopter co-investment vehicle
LCI has launched its first helicopter co-investment vehicle. Valued at over US$100 million it contains three AW139s and two S-92s on long term lease. The company reports strong interest.
Jaspal Jandu introduces a new form of ownership vehicle from LCI.

Helicopter lessor LCI has launched its first ever helicopter co-investment vehicle. It contains five aircraft, all on long term lease; three Leonardo AW139 and two Sikorsky S-92 units, and is valued at over US$100 million. It has been launched in partnership with Flexam Tangible Asset Income Fund, which has also contributed to the capitalisation. LCI will also act as servicer for the vehicle.

Chief financial officer Jaspal Jandu says: “LCI is delighted to lead the helicopter leasing sector in launching this new form of ownership vehicle. It enables investors to participate at a specific transaction level and we are delighted to be partnering with Flexam, whose professionalism in asset financing has been instrumental in executing this transaction.

“There has been strong interest in our first co-investment vehicle and, as a helicopter lessor with a proven platform, management team and track record, we look forward to building upon similar frameworks in the future.”

Flexam Invest partners Fabrice Fraikin and Florian de Sigy add: “The helicopter leasing marketplace is a dynamic one offering many investment opportunities. LCI is a leading lessor in this space, possessing unrivalled experience and breadth of knowledge. Its track record as an aviation lessor is greatly respected by the financial community, making it an ideal partner for Flexam.”

LCI first entered the helicopter leasing marketplace in 2012 with a $400 million order for a fleet of Leonardo AW139, AW169 and AW189 aircraft. Since then, it has developed a leasing platform for the ownership, management and servicing of a fleet approaching 100 aircraft across four continents in offshore wind, EMS, SAR, maritime pilot transfer and offshore oil and gas.

LCI's fleet now comprises approximately US$1 billion of assets in service, on order and under control, focused on the latest technology medium and super medium helicopters manufactured by Leonardo, Airbus and Sikorsky.

Other News
 
Lilium calls on Honeywell for flight control system
June 21, 2021
Following Toray Industries, Aciturri and Lufthansa Aviation Training, Honeywell is the latest in a series of Lilium suppliers whose technology and services have been certified in aerospace around the world for decades.
Avolon sides with Vertical for VA-X4 roll-out
June 21, 2021
Avolon says that its global scale and deep industry relationships, combined with Vertical's technological leadership, make a winning alliance. Virgin Atlantic will be a VA-X4 launch airline customer in Europe.
Pegasus scales up flight testing for vertical business jet models
May 14, 2021
Pegasus expects to fly a full-scale unmanned hover model of its proposed vertical take-off business jet by the end of the year. Its cool-air fan technology should make it suitable for all manner of take-off sites.