Waypoint Leasing announces leasing deal with CHC Helicopter

Waypoint Leasing (Ireland) Limited announces a helicopter leasing deal with CHC Helicopter valued at over $200 million.
Waypoint Leasing's AW139 helicopter

A model of an AW139 on the Waypoint Leasing exhibition stand at Helitech 2013.

Waypoint and CHC Helicopter have agreed a leasing deal valued at over $200 million. The deal is to lease 13 medium and heavy helicopters, which includes the Sikorsky S-92 and AgustaWestland AW139 aircraft.

The companies completed the first operating lease agreement and delivered two S-92s in April of 2013, and anticipate that all 13 aircraft will be on lease by February of 2014.  The aircraft are expected to operate and support oil and gas and search and rescue activities in Europe, Asia, Africa and South America.

Ed Washecka, CEO of Waypoint Leasing, said: “We are excited to partner with CHC, a world-class helicopter services company, and we appreciate their confidence in Waypoint.  This transaction reflects Waypoint’s commitment to delivering operators with tailored and flexible financing solutions.”

Clark McGinn, managing director of CHC’s global aircraft leasing group, said: “We have worked with Waypoint’s principals for many years and value their deep helicopter leasing and operating experience. Leasing is an important funding structure for CHC and these agreements with Waypoint add strength and diversity to our fleet financing.”

Terry Spruce

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our aircraft guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce