Avincis AW139 agreement with LCI

Avincis, March 04, 2013 - Avincis Group (Avincis), the world's leading provider of aerial services for mission critical operations, today signed a long-term lease agreement with Lease Corporation International (LCI) to secure a new AgustaWestland helicopter for its North Sea oil and gas business.

The new-to-fleet AW139 helicopter will begin operations later this month. It will be used by Avincis' subsidiary Bond Offshore Helicopters (Bond) to provide crew change support for the BW Offshore (UK) Limited Floating Production Storage and Offtake vessel at the Athena field. BW Offshore maintain production at the field, located approximately 180 kilometres north-east of Aberdeen, on behalf of Ithaca Energy.

Headquartered in the UK, the Avincis Group provides central resources, global standards and systems and expertise to its 13 local operating companies who operate a fleet of around 350 aircraft. Last year the group flew over 108,500 hours, conducted over 50,600 emergency health care missions, rescued more than 8,600 people at sea or on mountains, helped to put out over 7,800 fires and carried more than 175,900 passengers in the oil and gas industries.

Avincis Group Director of Fleet & Engineering Martin Whittaker said: "I'm delighted to be working with LCI to secure another new generation helicopter for our growing Energy Services business. This is a welcome addition to Avincis' 350-strong global fleet."

LCI, is the aviation division of Libra the international business group. Its new helicopter division was launched at Heli-Expo 2012 with a $400m order for a modern, versatile fleet of market-leading AgustaWestland AW139, AW169 and AW189 helicopters.

Crispin Maunder, LCI Executive Chairman, said: "We welcome today's announcement with Avincis, which is one of the world's leading helicopter operators, and are confident that our new generation fleet of AgustaWestland models is the perfect fit for mission-critical crew transportation services."

Since its inception in 2004, LCI has acquired aircraft with a value approaching US$5 billion. Today the company has a fleet of Airbus and Boeing aircraft on lease to some of the world's leading airlines, including Singapore Airlines, Air France and Asiana. LCI is also a launch customer for the Bombardier CSeries and has placed an order for 20 aircraft valued at approximately US$1.4 billion, with options for a further 20.

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AgustaWestland AW139 in UK Bond Aviation Group
AgustaWestland AW139 in IE LCI Aviation



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