Aviation leasing company and Libra Group subsidiary LCI has acquired a portfolio of 19 helicopters from Lobo Leasing, alongside private equity firms RIVE Private Investment and Turning Rock Partners.

The portfolio is valued at over $115 million and comprises helicopters from Airbus Helicopters, Bell, Leonardo and Sikorsky. The acquisition will see LCI continue to diversify its fleet, increase its customer base and expand its geographical reach. Eight of the aircraft are currently placed on lease in South America, with the remainder in Europe and Africa. This brings the total number of countries served by LCI assets to 28.

CEO Jaspal Jandu says: “This portfolio acquisition is another major step in LCI's strategic plan and reflects our confidence in the helicopter market. Our team and partners have performed strongly, and the assets will be seamlessly incorporated onto our leasing platform, driving further efficiencies of scale.”

Libra Group chairman and CEO George Logothetis adds: “The continued expansion of LCI's fleet represents another strategic and forward-looking investment by the company. LCI continually works to demonstrate foresight and agility in meeting customer needs, with a nimble and future-focused approach that reflects the ethos of all across our group.”

RIVE Private Investment partner Camille Brunel says: “We are pleased to further develop our relationship with LCI. This transaction leverages LCI's strong global technical expertise and track record to cautiously expand RIVE Private Investment's geographical and sectorial footprint.”

Turning Rock partner David Markus adds: “We are excited to work with strong partners like LCI and RIVE in underwriting and structuring this investment. We look forward to a long and successful relationship with them.”

LCI has consistently grown in scale and value as it has diversified over time. The lessor's experienced management team has built strong relationships with aircraft and engine manufacturers, customers and leading financial institutions. Since its inception in 2004, it has undertaken in excess of $8 billion of transactions in the aviation markets.