LCI, SMFL joint venture expands helicopter fleet

Sept. 16, 2021
It has acquired four Airbus Helicopters H145, three Leonardo AW139, and five Leonardo AW169 helicopters.

Offshore staff

LONDON – The LCI and Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) joint venture has acquired 12 helicopters.

The helicopters, which are worth in excess of $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 consist of four Airbus Helicopters H145, three Leonardo AW139, and five Leonardo AW169 helicopters. They join the 29 helicopters already owned by the joint venture which are leased across the globe on missions including emergency medical services, search and rescue, and transportation to offshore wind farms.

Jaspal Jandu, CEO of LCI, said: “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.”

09/16/2021