LCI signs cooperation agreement with CM International Financial Leasing

LCI, the aviation leasing arm of the Libra Group, has signed a cooperation agreement with CM International Financial Leasing (CMIFL). LCI, which has a fleet of 90 ordered and delivered AgustaWestland and Airbus helicopters, has chosen CMIFL as the partner to help it grow in the burgeoning helicopter leasing market in China. CMIFL, which launched leasing activities in June 2015, and has placed a large order for light Airbus Helicopters, will be utilising LCI’s global network and proven track record to help it grow in China and internationally. China today has a relatively low level of helicopter ownership and the market is expected to grow around 30% a year until 2020 with a focus on EMS (Emergency Medical Services), SAR (Search and Rescue), para-public and VIP services.