LCI and SMFL expand helicoptor leasing joint venture with US$120 million fleet growth

H145 helicopter ©Airbus Helicopters

LCI, and Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) have acquired and committed to an additional twelve next-generation helicopters within their helicopter leasing joint venture.

The helicopters, which are worth in excess of US$120 million, represent a more-than 50% expansion of the joint venture’s fleet less than a year after it was launched.

The new aircraft comprise four Airbus Helicopters H145, three Leonardo AW139s and five Leonardo AW169s helicopters. They join the nineteen helicopters already owned by the vehicle which are leased across the globe on missions including emergency medical services (EMS), Search and Rescue (SAR), and transportation to offshore wind farms.

Jaspal Jandu, Chief Executive Officer of LCI, says: “The LCI and SMFL joint venture was purposefully created to offer a wide range of leasing and financing options to the helicopter industry on efficient and flexible terms. These latest acquisitions, so soon after the vehicle’s launch, further validate our efforts and represent a wider vote of continuing investor confidence in the helicopter leasing marketplace.”

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