Helicopter lessor LCI, the aviation division of the Libra Group, has launched its first helicopter co-investment vehicle.
The new helicopter ownership vehicle contains five aircraft all on long-term lease – three Leonardo AW139 and two Sikorsky S-92 units – and is valued at over US$100 million. It has been launched in partnership with Flexam Tangible Asset Income Fund (part of Flexam Invest Group), who have also contributed to the capitalization. LCI will also act as servicer for the vehicle.
LCI first entered the helicopter leasing marketplace in 2012 with a US$400 million order for a fleet of Leonardo AW139, AW169 and AW189 aircraft. Since that time, it has developed a proven leasing platform which today is renowned for the ownership, management and servicing of a fleet approaching 100 aircraft.
These are in operation across four continents in multiple sectors including offshore wind, emergency medical services, search and rescue, maritime pilot transfer and offshore oil and gas.