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Waypoint Leasing finds lease agreements for two AW139s

Waypoint Leasing Press Release | October 11, 2016

Estimated reading time 2 minutes, 59 seconds.

Waypoint Leasing (Ireland) Limited, the largest independent global helicopter leasing company, has announced lease agreements for two Leonardo-Finmeccanica AW139 helicopters.

The first helicopter, previously operated by CHC, will go on lease to support of oil-and-gas operations in North Africa.

Ed Washecka, chief executive officer of Waypoint, said: “We are excited to place an AW139 with Heliconia, marking our first transaction with the operator, and continue to be encouraged by the global market support for this versatile aircraft. We expect our comprehensive remarketing efforts and improved market conditions will lead to further transactions as demand for the aircraft remains robust. We look forward to building on our new relationship with Heliconia and providing mission critical helicopters, such as the AW139, to operators in need.”

Daniel Sigaud, president and chief executive officer of Heliconia, said: “We are pleased to partner with Waypoint on this transaction, which allows us to add another AW139 to our existing fleet in North Africa in a cost-effective and seamless manner. Waypoint clearly appreciates and caters to the needs of the operator, and we hope to collaborate with them further as we continue to expand our operations and fleet going forward.”

AW139 on lease to HNZ

Waypoint also announced it has closed a lease agreement with HNZ Group, an international provider of helicopter transportation and related support services, for one Leonardo-Finmeccanica AW139 helicopter previously operated by CHC, which will go on long-term lease in support of oil-and-gas operations in Asia.

Washecka said: “We are excited to be working with HNZ on this transaction and are confident this is the beginning of a long and productive partnership. This transaction marks the second AW139 aircraft we have taken back from CHC and placed with another customer, representing significant demand for the aircraft and healthy offshore activity in the region. Waypoint is well-positioned to meet this demand with our ongoing remarketing efforts of the AW139 and significant presence in the Asia Pacific region from our office in Singapore.”

Don Wall, president and chief executive officer of HNZ, said: “We are pleased to be working with Waypoint’s team and recognize the value they bring to the fleet planning process. Waypoint possesses the market expertise, flexibility, and tailored financing solutions that will allow us to focus on our growth targets and greatly enhance our operational capabilities.”

Since its inception in 2013, Waypoint has been active in supporting oil-and-gas, utility, firefighting and other industrial-focused helicopter operators. Waypoint’s portfolio includes more than 135 aircraft for 18 customers in 28 countries with total assets in excess of $1.6 billion. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 125 helicopters valued at more than $1.7 billion, to be delivered over the next five years.

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