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LCI, a leading helicopter lessor and the aviation division of the Libra Group, has launched its first ever helicopter co-investment vehicle.
The new helicopter ownership vehicle contains five aircraft all on long-term lease – three Leonardo AW139 and two Sikorsky S-92 units – and is valued at over US$100 million. It has been launched in partnership with Flexam Tangible Asset Income Fund (part of Flexam Invest Group), who have also contributed to the capitalization. LCI will also act as servicer for the vehicle.
Jaspal Jandu, chief financial officer of LCI, said: “LCI is delighted to lead the helicopter leasing sector in launching this new form of ownership vehicle. It enables investors to participate at a specific transaction level and we are delighted to be partnering with Flexam whose professionalism in asset financing has been instrumental in executing this transaction.
“There has been strong interest in our first co-investment vehicle and, as a helicopter lessor with a proven platform, management team and track record, we look forward to building upon similar frameworks in the future.”