LCI, March 01, 2016 - LCI, the aviation leasing arm of the Libra Group, touches down at this year’s HAI Heli-Expo with a fleet of 21 helicopters in service, and expects to double this number before the end of 2016.
LCI grew extensively in 2015, introducing the AW189 into service in its fleet alongside the AW139. Throughout the year, it placed 12 aircraft into service with operators in the emergency medical services, offshore wind and oil & gas, operating in diverse settings around the world. Australia is a particular growth market.
By late 2016, the lessor expects to have over 40 helicopters of varying classes and payloads in service with an estimated value of $700 million.
Speaking about LCI’s presence at the show, Crispin Maunder, LCI’s Executive Chairman, said: “Whilst this is a challenging time for the helicopter sector, there are many pockets of demand and we see the future as being about a balanced portfolio of aircraft and lessees. This is the strategy that LCI has pursued since inception, focusing on growing our exposure in buoyant sectors such as offshore wind and emergency medical services.
“We are delighted once again to be attending Heli-Expo, as it is an excellent forum to engage with our partners in the helicopter industry, OEMs and current and prospective customers.”
In 2016, LCI also expanded its fleet further with a firm order for an additional 11 AgustaWestland aircraft valued at US$125 million. In total, it has a fleet of 90 AgustaWestland and Airbus units, with helicopters currently in operation across five continents – Asia, Australasia, Africa, North America and Europe.
About LCI: Since its inception in 2004, LCI has acquired fixed wing and rotary aircraft with a value of around US$6 billion. LCI Helicopters comprises a fleet of delivered and ordered helicopters of 90 new units, including the market-leading AgustaWestland AW139 and AW189 helicopters, and will shortly be the launch customer for the new AW169. LCI is also the lead lessor for the Airbus Helicopters EC175 and the recently announced Airbus EC225e, for which it is the launch customer.
LCI is owned by Libra Group (www.libra.com), an international business group with 30 subsidiaries active on six continents. Libra Group’s subsidiaries are primarily focused on aviation, shipping, hospitality, energy and real estate, along with selected diversified investments.