Lease Corporation International to Provide Helicopters to Weststar Aviation
Services for Offshore Operation
LONDON, June 14, 2013
LONDON, June 14, 2013 /PRNewswire/ --
- LCI expands fleet with lease agreement and delivers two offshore-equipped
Lease Corporation International (LCI) announces its delivery of two Agusta
Westland helicopters to Malaysian operator Weststar Aviation Services in a
long-term lease. The new AW139 helicopters, valued at over $30 million, will
be initially operated under contract to Tullow Oil. They have both been
delivered this week.
The two AW139 helicopters will be used to support Tullow Oil's offshore
operations off the west coast of Africa.
The aircraft are additional to the order announced by LCI in 2012 valued at
approximately US$400 million for new Agusta Westland AW139, AW169 and AW189
helicopters, deliveries of which are already in progress. LCI's helicopter
fleet now exceeds 40 either delivered or on order.
Michael Platt, LCI's Chief Executive Officer, says: "We're delighted to be
able to help Weststar expand its services overseas with our new generation
Agusta Westland helicopters. By leasing these brand new helicopters Weststar
is able to respond quickly to their customers' requirements and do so on
attractive financial terms."
Weststar Aviation Services is the largest provider of offshore helicopter
services in Asia and already operates fourteen AW139 helicopters for major oil
and gas companies. The contract with Tullow Oil in Mauritania marks the
beginning of an international expansion.
Tan Sri Muhammad Ismail, CEO of Weststar Aviation Services, says: "LCI were a
supportive and important partner in the provision of these helicopters. They
were able to respond rapidly to our needs and give us access to the right
technology on terms that suited this offshore deployment."
Since its inception in 2004, LCI has acquired fixed wing and rotary aircraft
with a value approaching US$5 billion. Today the company has a fleet of Airbus
and Boeing aircraft on lease to some of the world's leading airlines,
including Singapore Airlines, Air France and Asiana. LCI is also a launch
customer for the Bombardier CSeries and has placed an order for 20 aircraft
valued at approximately US$1.4 billion, with options for a further 20. The
helicopter leasing division was established in 2012 with a $400m order for
Agusta Westland helicopters.
About LCI: LCI ( http://www.lciaviation.com ) is owned by Libra Group (
http://www.libra.com ), an international business group with companies
operating from 25 offices across four continents. Libra Group's subsidiaries
are primarily focused on aviation, shipping, hospitality, energy and real
About Weststar: Formed in April 2003, Weststar Aviation Services SdnBhd, a
subsidiary of Weststar Group ( http://www.weststar.com.my ), provides general
aviation charter services, personal transport, aerial work services and
In the general aviation sector Weststar operates seven Eurocopter helicopters
and one AW139 VIP helicopter as well as Gulfstream, Boeing 737 and Boeing 727
business jets from its base at Subang. Weststar Aviation Services entered the
offshore transport market in 2008 when it won a five year contract from
Carigali Hess to transport personnel using Sikorsky S-76C++ helicopters from
Kota Bharu in Malaysia.
Weststar currently has a total of 34 helicopters already delivered and on
order - 23 Agusta Westland AW139, 2 AW169 helicopters, 4 AW189 helicopters,
two Eurocopter EC225 and three Sikorsky S76C++ helicopters- dedicated to
providing offshore aviation services from Kota Bharu, Kerteh, Kota Kinabalu
and in Mauritania.
Contact: For more information, please contact: Gareth Zundel, Head of
Communications, Libra Group (For LCI), Tel: +44-20-7245-8700, E-Mail:
email@example.com or Charlie Hampton, Bell Pottinger Business & Brand,
Tel: +44-20-7861-2431, E-Mail: firstname.lastname@example.org
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