LCI Helicopter Division Signs AW139 Lease With Avincis

March 4, 2013

Heli-Expo 2013, Las Vegas – Lease Corporation International (LCI), the aviation division of Libra Group, the international business group, announces that it has entered into a long-term lease with the Avincis Group (Avincis), the world’s leading provider of mission critical services, for a new AW139 helicopter.

LCI’s new helicopter division was launched at Heli-Expo 2012 with a $400m order for a modern, versatile fleet of market-leading AgustaWestland AW139, AW169 and AW189 helicopters.

The new agreement with Avincis will secure a helicopter for its Aberdeen-based subsidiary Bond Offshore Helicopters to provide offshore crew change support to a new oil and gas customer in the UK North Sea.

Headquartered in the UK, the Avincis Group provides central resources, global standards and systems and expertise to its 13 local operating companies who operate a fleet of around 350 aircraft. Last year the group flew over 108,500 hours, conducted over 50,600 emergency health care missions, rescued more than 8,600 people at sea or on mountains, helped to put out over 7,800 fires and carried more than 175,900 passengers in the oil and gas industries.

Avincis Group Director of Fleet & Engineering Martin Whittaker said: “I’m delighted to be working with LCI to secure another new generation helicopter for our growing Energy Services business. This is a welcome addition to Avincis’ 350-strong global fleet.”

Crispin Maunder, LCI Executive Chairman, said after the signing at Heli-Expo 2013: “We welcome today’s announcement with Bond Offshore Helicopters which is one of the world’s leading helicopter operators, and are confident that our new generation fleet of AgustaWestland models is the perfect fit for mission-critical crew transportation services.”

Since its inception in 2004, LCI has acquired aircraft with a value approaching US$5 billion. Today the company has a fleet of Airbus and Boeing aircraft on lease to some of the world’s leading airlines, including Singapore Airlines, Air France and Asiana. LCI is also a launch customer for the Bombardier CSeries and has placed an order for 20 aircraft valued at approximately US$1.4 billion, with options for a further 20.

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