Lessor LCI has acquired a portfolio of 19 helicopters from Lobo Leasing in a transaction alongside RIVE Private Investment and Turning Rock Partners.
Valued at over $115 million, the portfolio predominantly comprises Leonardo Helicopters AW139 intermediate-twins, but also includes the Sikorsky S-76 and S-92, Bell 206 and Airbus Helicopters AS332 L1.
Eight of the aircraft are currently on please in South America, with the remainder in Europe and Africa.
LCI says the deal will continue the diversification of its fleet, increase its customer base and expand its geographical reach.
Jaspal Jandu, chief executive of LCI, says: “This portfolio acquisition is another major step in LCI’s strategic plan and reflects our confidence in the helicopter market.”