Helicopter lessor LCI, the aviation division of the Libra Group, has promoted Jaspal Jandu to Chief Executive Officer (CEO). Former CEO, Michael Platt becomes Vice Chairman, and Praveen Vetrivel is appointed Chief Financial Officer (CFO), with immediate effect.
Jandu, who became LCI’s Chief Financial Officer in 2014 having joined in 2007, has played an instrumental role in developing the company’s proven leasing platform and implementing its financial strategy. He has spearheaded the development of LCI’s partnerships with many leading financial institutions, and will now focus on shaping the company for the next phase of its evolution. LCI completed its exit from the fixed-wing market in early 2020 and is currently focusing on the helicopter sector.
Platt, who joined LCI as Chief Executive Officer in 2012, has spent more than 30 years in aviation finance and leasing, and will now direct his attention to pursuing new market opportunities for LCI. He will continue to play an integral role in the company’s development by helping to shape its future strategy in the rotary, fixed-wing, and other sectors. In addition, Platt will serve as a senior advisor to the board of the Libra Group.
Praveen Vetrivel, who joined LCI in 2008 and who was appointed Vice President, Structured Finance in 2013, will now assume overall responsibility for financial strategy and treasury management.
Up to 26,000 jobs secured in Spain until 2060 with latest Eurofighter contracts
March 28, 2023
A recent study by Pricewaterhouse Coopers (PWC) shows clear indications that two Eurofighter programme contracts will secure up to 26,000 jobs in Spain. The study was funded by Airbus and took six months to complete. The report focuses on the economic impact of the ‘Halcon’ and ‘Quadriga’ contracts which are relevant to Spain. The report
