Monday, March 9, 2015
LCI to Manage SQN Fleet, Lease AW139 to HeliService international GmbH
LCI Helicopters, the helicopter leasing arm of the Libra Group, has entered into an agreement with SQN Capital Management, LLC (SQN), an independent asset manager headquartered in New York City, to manage a fleet of seven recently acquired helicopters. LCI Helicopters will offer a range of services to SQN including asset management, insurance, rent collection, maintenance oversight, inspections and remarketing.
SQN is also a registered investment advisor to institutional investors, specializing in alternative asset management. It provides investment advisory and portfolio management services to multiple private offerings, public direct participation programs, and a fund listed on the Main Market of the London Stock Exchange.
LCI Helicopters has also entered into an agreement to lease a second new AgustaWestland AW139 to HeliService international GmbH, a leading provider of offshore services in the North Sea and Baltic regions, as it continues with its expansion plans. The new aircraft will be delivered in March, and will join HeliService’s first AW139 delivered in November last year, also on lease from LCI. Both helicopters have been built to HeliService’s exacting specification, including dual hoists, and will be operated primarily in support of the growing offshore wind industry.
Established in 1987, HeliService international GmbH, based in Northern Germany, currently operates a fleet of AgustaWestland AW139 and AW109 Grand, Sikorsky S-76, and Messerschmitt-Bölkow-Blohm MBB BO 105 helicopters on missions in Northern Europe, Antarctica and the Arctic.
Since its inception in 2004, LCI has acquired fixed-wing and rotary-wing aircraft with a value of around US$6 billion. LCI is owned by Libra Group, an international business group with 30 subsidiaries operating across five continents. Libra Group’s subsidiaries are primarily focused on aviation, shipping, hospitality, energy and real estate, along with selected diversified investments.
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