Commercial

CHC Exec Replaces Waypoint Leasing Chief in Management Shakeup

By Amy Kluber | February 1, 2018

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Image courtesy of CHC Helicopter

The management team at Waypoint Leasing is about to look different next week. The global helicopter leasing company announced Wednesday changes to its executive team, which includes a new CEO and president.

Effective Feb. 5, outgoing CEO and founder Ed Washecka will be replaced with incoming CEO Hooman Yazhari. Yazhari was previously CHC Helicopter's general counsel and chief administrative officer.

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Further announcements include current COO and CFO Alan Jenkins being promoted to president of the company. Allan Rowe, currently head of commercial, has also been promoted to head of sales and relationship management.

According to its website, Waypoint currently supports the oil and gas, utility and firefighting helicopter industries. The company has 160 aircraft among 32 customers around the world, with orders for 85 helicopters valued at more than $1 billion to be delivered over the next four years.

The announcement comes just two days after CHC Group announced Hooman had resigned from his position at the company, where he served as general counsel and chief administrative officer since 2015. As a result of that change, CHC appointed Imran Hayat as interim general counsel.

Ed Washecka

Ed Washecka

Washecka spent more than 20 years in the offshore oil and gas and helicopter industries. Prior to Waypoint, he was CEO of Era Group Inc., formerly the helicopter subsidiary of SEACOR Holdings. For more than a decade, Washecka built SEACOR’s initial, small seed investment in helicopters to more than $710 million in assets through organic growth and acquisition. Era’s 800-plus employees operated and supported more than 175 helicopters in major markets. He also pioneered Era Leasing, which grew to encompass more than 45 medium and heavy helicopters leased to operators in more than a dozen countries worldwide.

Waypoint recently identified the offshore wind farm industry as a promising growth opportunity for helicopters.

It also conducted a study that found many benefits to investing in super-medium helicopters, with the class showing large growth potential in a rebounding oil and gas market.

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