Waypoint Leasing entered into a partnership agreement with Eagle, a global helicopter solution provider, to establish a new global asset management services platform, which will provide an offering of fleet management solutions for third party asset owners such as banks and other institutions.

The platform will leverage Waypoint’s global sales and technical teams with the support of Eagle’s maintenance and fleet support team and is suited for asset owners who have had unplanned returns of aircraft or require support in asset remarketing or disposition. Waypoint and Eagle will deliver ongoing maintenance, repair, reconfiguration and modification, storage, inspection, full contract and supply chain administration, insurance, remarketing and logistics and analysis around asset purchases and sales.

“Our partnership with Eagle and establishment of the Global Asset Management Services business reflect our joint commitment to provide best-in-class management, remarketing assistance, maintenance and modifications to financial institutions or other lessors seeking a home for their aircraft,” said Allan Rowe, managing director and head of Commercial at Waypoint. “Waypoint’s experienced, in-region Sales and Relationship Management team has remarketed numerous aircraft, and our Technical team has managed more than a dozen extensive maintenance and reconfiguration projects. Certain financial asset owners are not equipped to remarket aircraft themselves, and through this partnership with Eagle, we will provide a cost-effective solution to get idle aircraft back to work, addressing a burgeoning unmet need in the market.”

“We look forward to working alongside Waypoint’s experienced industry professionals to optimize customers’ end-to-end fleet management,” said Mike O’Reilly, chairman of Eagle. “In coming together, we believe that both companies will draw on each other’s strengths to efficiently maintain, update and remarket aircraft with both short or long-term leases.”