Helo Lessor LCI Secures $75 Million in More Financing

 - July 9, 2019, 4:17 AM

Libra Group’s helicopter lessor unit, Lease Corporation International (LCI), has successfully closed a new asset-backed helicopter financing facility in excess of $75 million, led by CaixaBank along with a consortium of financial institutions. The new arrangement is CaixaBank’s first with LCI and follows the successful closing of a similar facility earlier this year with Close Brothers Aviation and Marine. It will be used to support the continuing growth of LCI’s helicopter fleet for civilian use. 

LCI’s fleet, which comprises approximately $1 billion of assets in service, on order, and under management, is focused on the latest technology light-twin, medium, and super-medium helicopters manufactured by Leonardo, Airbus, and Sikorsky.

“We’re delighted to be working with CaixaBank and the consortium to help drive the growth of our fleet of next-generation helicopters, whose efficiency and reliability is proving popular with the many civilian helicopter operators to whom we lease them,” said LCI CFO Jaspal Jandu. Since its inception in 2004, LCI has acquired a fleet of fixed- and rotary-wing aircraft with a value of approximately $6 billion.