Lease Corp. Ups AgustaWestland Helicopter Order

 - February 25, 2014, 4:30 PM

Lease Corporation International (LCI) of Dublin, Ireland, inked a contract today at Heli-Expo 2014 with AgustaWestland for as many as 18 helicopters worth more than $280 million. The order includes up to 14 AW139 intermediate helicopters and up to four twin-engine AW189s. The helicopters will be delivered from 2014 through 2018, if all options are exercised. LCI already has a contract with AgustaWestland placed in early 2012 worth $400 million that also includes AW169s.

“[AgustaWestland] helicopters are particularly well-suited to the market and are proving to be very popular with our lessees for a variety of roles,” said LCI executive chairman Crispin Maunder. “In particular we are pleased about the new super-medium category of helicopters, and our endorsement of the AW189 with the follow-on order underscores our intention to be a major player in this space.”

The AW139, AW169 and AW189 represent a new generation of helicopters spanning the four- to eight-ton weight category, and share a common cockpit layout, design philosophy and maintenance concept.