Lease Corporation International (LCI), the aviation division of the Libra Group, has successfully closed a new asset-backed helicopter financing facility in excess of US$75 million.
The new facility, led by CaixaBank along with a consortium of financial institutions, was arranged by National Westminster Bank Plc as part of an oversubscribed financing, and will be used to support the continuing growth of LCI’s helicopter fleet for civilian use.
The new arrangement is CaixaBank’s first with LCI, and follows the successful closing of a similar facility earlier this year with Close Brothers Aviation and Marine.
LCI’s fleet, which comprises approximately US$1 billion of assets in service, on order and under management, is focused on the latest technology light-twin, medium and super medium helicopters manufactured by the leading helicopter OEMs, including Leonardo, Airbus and Sikorsky.
