Lease Corp gets commitments for USD925m for helicopters

28 February 2014


Lease Corp. International, the aviation leasing arm of the Libra Group, said it has unveiled commitments for up to 39 new helicopters worth around USD925m and with further 2014 pipeline orders up to a total value approaching USD1bn.

The lessor´s helicopter division has signed a contract with Airbus Helicopters for up to 21 new helicopters, with a commitment for the next-generation EC175 and as a launch customer for the newly-unveiled EC225e. The contract is worth around USD645m, with aircraft delivery scheduled to commence in 2016.

LCI has also increased its AgustaWestland order book, with an order for a further 18 new helicopters worth over USD280m. The contract, which was signed in Europe last week, comprises commitments for up to 14 AW139 intermediate helicopters and up to 4 AW189 twin-engine helicopters.

Since its inception in 2004, LCI has acquired fixed wing and rotary aircraft with a value of around USD6bn. LCI is owned by Libra Group (http://www.libra.com), an international business group with 30 subsidiaries operating across five continents. Libra Group´s subsidiaries are primarily focused on aviation, shipping, hospitality, energy and real estate.

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