LCI and partners acquire 19 helicopters from Lobo
June 30, 2022 By Helicopters Staff
LCI, a subsidiary of the Libra Group, acquired a portfolio of 19 helicopters from Lobo Leasing, alongside RIVE Private Investment and Turning Rock Partners.
The portfolio is valued at over US$115 million and comprises of helicopters from Airbus Helicopters, Bell, Leonardo and Sikorsky.
LCI explains the acquisition will diversify its fleet, increase its customer base and expand its geographical reach. Eight of the aircraft are currently placed on lease in South America, with the remainder in Europe and Africa. The move brings the total number of countries served by LCI’s assets to 28.
“This portfolio acquisition is another major step in LCI’s strategic plan and reflects our confidence in the helicopter market,” said Jaspal Jandu, CEO of LCI. “Our team and partners have performed strongly, and the assets will be seamlessly incorporated onto our leasing platform, driving further efficiencies of scale.”
Since its inception in 2004, LCI has undertaken aviation transactions valued at more than US$8 billion.