LCI Helicopters to manage new fleet for SQN Capital Management

LCI Helicopters has entered into an agreement with SQN Capital Management, an independent asset manager headquartered in New York City, to manage a fleet of seven recently acquired helicopters. LCI Helicopters, the helicopter leasing arm of the Libra Group, will offer a range of services to SQN including asset management, insurance, rent collection, maintenance oversight, inspections, and remarketing services. LCI’s helicopter division comprises a fleet of 90 delivered and ordered helicopters, including 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 announced almost US$1bn in new orders at the 2014 HAI Heli-Expo and has also attracted investment of more than US$100m from KKR Financial Holdings, to address growing oil and gas sector demand, as well as search and rescue and air ambulance services.