LCI, a leading aviation company and a subsidiary of the Libra Group, has announced the acquisition of 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 leading manufacturers including Airbus Helicopters, Bell, Leonardo and Sikorsky.

The acquisition will see LCI continue to 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, and will bring the total number of countries served by LCI’s assets to 28.

Jaspal Jandu, CEO of LCI, says: “This portfolio acquisition is another major step in LCI’s strategic plan and reflects our confidence in the helicopter market. Our team and partners have performed strongly, and the assets will be seamlessly incorporated onto our leasing platform, driving further efficiencies of scale.”

George Logothetis, chairman and CEO of LCI’s parent company, the Libra Group, says: “The continued expansion of LCI’s fleet represents another strategic and forward-looking investment by the company. LCI continually works to demonstrate foresight and agility in meeting customer needs, with a nimble and future-focused approach that reflects the ethos of all across our Group.”

Camille Brunel, partner at RIVE Private Investment, says: “We are pleased to further develop our relationship with LCI. This transaction leverages LCI’s strong global technical expertise and track record to cautiously expand RIVE Private Investment’s geographical and sectorial footprint.”

David Markus, partner at Turning Rock Partners, says: “We are excited to work with strong partners like LCI and RIVE in underwriting and structuring this investment. We look forward to a long and successful relationship with them.”

LCI has consistently grown in scale and value as it has diversified over time. The lessor’s highly experienced management team has built strong relationships with aircraft and engine manufacturers, customers, and leading financial institutions.

Since its inception in 2004, LCI has undertaken in excess of US$8 billion of transactions in the aviation markets.

This press release was prepared and distributed by LCI.