Libra Group subsidiary LCI has announced that it has acquired 19 helicopters from a consortium led by Lobo Leasing together with its partners RIVE private investment and Turning Rock Partners. The deal values the portfolio at USD115m. While the details of the make-up of the portfolio remains under wraps, RotorHub can reveal the lion’s share of the portfolio is made up of AW139s but also includes S-92s, S-76C+s, B-206s, and AS332L1s.
All the aircraft included in the deal are presently on lease with eight of the helicopters in South America while the remainder are placed with lessors in Europe and Africa and brings the total number of countries served by LCI assets to 28. Commenting on the deal Jaspal Jandu, CEO of LCI, said: “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.”
Meanwhile,George Logothetis, Chairman and CEO of LCI’s parent company, the Libra Group, added: “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.”
Since its inception in 2004, LCI has undertaken in excess of US$8 billion of transactions in the aviation markets.
