Global AirParts, a provider of used, serviceable materials for Sikorsky S-76 helicopters based in Abbotsford, Canada, has commenced a part out project with helicopter lessor LCI Aviation.

“Given where values are for some helicopter types, smart asset owners can find a better return on their capital by having the aircraft disassembled and marketed for parts. This is all that we do,” says Mike Pirang, founder and CEO of Global AirParts.

“Global AirParts is a respected player in the helicopter sector, and it has brought its considerable experience to this project and handled it with great skill and efficiency,” adds Mike Platt, CEO of LCI.

Global AirParts has completed almost two dozen part outs of the S-76. Working with aircraft it acquires as well as operator and lessor owned machines, the company disassembles and sells lower cost spare parts to its worldwide customer base. Global AirParts recently expanded its offerings to include the AW139 and is working to add other types to its inventory.

LCI’s fleet comprises approximately US$1 billion of assets, focused on the latest technology medium and super medium helicopters manufactured by OEMs including Leonardo, Airbus and Sikorsky. These are in operation across four continents in multiple sectors including emergency medical services, offshore wind, SAR, maritime pilot transfer, and oil and gas transportation.