LCI's helicopter division raises over $1bn of financing since 2019
The helicopter division of LCI, Libra's aviation leasing arm, has announced it has raised over $1 billion of helicopter capital since 2019.
The figure relates to financings and refinancings through to the 30th June, 2021, and covers a total of 25 transactions sourced from over 20 separate financial institutions.
Jaspal Jandu, CEO of LCI, notes: "With a forecast of over 7,000 commercial helicopter deliveries in the next 10 years, it is vital that we all help secure a strong capital base for this industry.
"Helicopters are eminently financeable assets and we have attracted new and diverse capital into the market by demonstrating their virtues which include long economic lives, full power-by-the-hour coverage, and mission-critical contracts.
"LCI has worked tirelessly through a very challenging market to achieve this landmark and I am extremely grateful for the innovation, dedication and hard work of the entire team."