LCI, SMFL launch helicopter leasing joint venture

Sept. 23, 2020

LCI, the aviation division of the Libra Group, and Sumitomo Mitsui Finance and Leasing Co. Ltd. have agreed to establish and operate a joint venture helicopter leasing business.

Offshore staff

LONDON – LCI, the aviation division of the Libra Group, and Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) have agreed to establish and operate a joint venture helicopter leasing business.

The vehicle has launched with the initial acquisition of 19 helicopters with a value of $230 million. The companies are co-investors in the partnership, with LCI also acting as manager.

The modern helicopters acquired by the joint venture will be used by operators across the globe on a range of missions including emergency medical services, search and rescue, and transportation to offshore wind farms.

09/23/2020