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Monday, May 6, 2013

Waypoint Secures $375 Mil to Expand Helicopter Lease Offerings

A new investor group is providing $375 million in equity growth capital for Limerick, Ireland-based Waypoint Leasing, as the company looks to expand its grow its fleet. Waypoint has a U.S. office in Darien, Conn.
 
The investor group includes MSD Capital, Soros Fund Management and the Cartesian Capital Group. Waypoint plans to use the money to acquire more helicopters and increase its offerings to oil and gas, emergency medical services (EMS) and passenger transport operators across the globe.
 
The company recently signed a multi-year agreement with AgustaWestland to add AW109 GrandNew, AW169, AW139 and AW189 helicopters to its fleet.

Related: Offshore News

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