Deals
Libra Buys AgustaWestland Helicopters to Start Leasing Business
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Libra Group, a closely held company with interests in shipping, aviation, hotels, and energy, is expanding into helicopter leasing with a commitment to spend as much as $400 million on AgustaWestland craft.
The LCI unit of Libra has signed an agreement to buy a fleet of AW139, AW169 and AW189 helicopters for use in oil and gas exploration, rescues and medical transport, said George Logothetis, chief executive officer of New York-based Libra. The contract includes a firm order for 19 helicopters, plus 15 options, with deliveries spread over five years. Agusta Westland is a unit of Rome-based Finmeccanica SpA.