From Aviation International News.
Waypoint Places Former CHC Helicopters in Africa, Asia
After helicopter operator CHC filed a bankruptcy plan in May that saw it return 90 of its 230 leased helicopters by the end of last month (with another 65 to be dropped by year-end), Ireland-based helicopter lessor Waypoint Leasing is placing two CHC-returned Leonardo-Finmeccanica AW139 helicopters with new customers in Africa and Asia in support of oil and gas operations.
Waypoint said it is also “actively engaged” with other interested parties to remarket several other aircraft formerly used by CHC for a range of missions, including outside of oil and gas operation. “These discussions are in advanced stages and, in some cases, transaction terms and letters of intent have been agreed upon,” Waypoint said.
“We are encouraged by the broad market support for, and acceptance of, aircraft returning from CHC,” said Waypoint CEO Ed Washecka. “We expect our remarketing efforts to translate into further new transactions in the near and medium term, as the price of oil stabilizes and other end markets increasingly rely on helicopter leasing to fulfill their missions.”
Waypoint’s portfolio includes more than 130 helicopters for 18 customers in 28 countries, with total assets in excess of $1.6 billion. Additionally, it has firm and option orders with aircraft manufacturers for more than 125 helicopters worth more than $1.7 billion to be delivered over the next five years.