Lobo Leasing, Titan Enter Lease Agreement for Leonardo AW139 Helicopter

Lobo Leasing, a helicopter leasing company based in Dublin, completed a helicopter leasing transaction with international operator Titan Helicopter Group (THG) for one offshore configured AW139 helicopter.

The helicopter is being used by THG to provide crew change flights to offshore mining vessels located along Namibia’s coastline. In addition, the helicopter will provide SAR/EMS cover for the offshore installations.

Lobo Chief Commercial Officer Mark Kelly said, “We are pleased to team with such a reputable operator as THG to further diversify our fleet into offshore mining support which is a new market area for Lobo. Having known Titan for a long time, we welcome the opportunity to support their modern fleet with this AW139”.

Martin Steynberg, THG chairman, said, “Lobo was able to provide flexibility and the ideal helicopter for the job and worked efficiently with our team to build the lease matched to our specific needs. We look forward to a longstanding working relationship with Lobo Leasing.”

The Titan Helicopter Group of companies consists of licensed helicopter, fixed wing passenger, air freight operations and approved maintenance organizations serving Africa, Europe, Southeast Asia, the Middle East and South America.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.