December 18, 2014
Waypoint Leasing closes 31 aircraft acquisition from First Reserve
Waypoint Leasing (Ireland), a leading global helicopter leasing company, has closed the acquisition of a portfolio of 31 in-demand, new technology aircraft from First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy. The portfolio includes 18 AgustaWestland AW139s, 11 Sikorsky S-92s and two Sikorsky S76C++ aircraft models. All aircraft are subject to long-term lease agreements with the CHC Group Ltd. (HELI), in support of global oil and gas and search and rescue operations. Through this acquisition, Waypoint increases its current fleet to 85 aircraft and total assets in excess of $1.1 billion. The aircraft are on lease and generating revenue with 11 customers operating in 20 countries around the world in oil and gas, emergency medical service, search and rescue, firefighting, governmental support and other operations. Additionally, Waypoint has firm and option orders with aircraft manufacturers for additional helicopters valued at more than US$1bn at list prices, to be delivered over the next five years.