Waypoint Leasing to Re-Deploy Aircraft from CHC

Waypoint Leasing will place two AW139 helicopters with new customers in Africa and Asia, respectively. The aircraft are currently being returned from CHC and will be re-deployed with the new customers in support of oil and gas operations.

Waypoint also announced that it is actively engaged with numerous interested parties to remarket several other aircraft formerly used by CHC for a range of missions, including those outside of oil and gas. These discussions are in advanced stages, and in some cases, transaction terms and letters of intent have been agreed upon.

Ed Washecka, chief executive officer of Waypoint, said, “We are excited to place two AW139s with new customers in Africa and Asia, and are encouraged by the broad market support for, and acceptance of, aircraft returning from CHC, to service a variety of missions across the globe. We expect our comprehensive 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 aircraft for 18 customers in 28 countries with total assets in excess of $1.6 billion. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 125 helicopters valued at more than $1.7 billion, to be delivered over the next five years.

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