Global helicopter leasing company Waypoint Leasing announced an agreement with First Reserve to acquire a "portfolio of 31 in-demand, new technology aircraft." Included in the portfolio are 18 AgustaWestland AW139s, 11 Sikorsky S-92s and two Sikorsky S76C++ helicopters. The acquisition will increase Waypoint's current fleet to 80 total aircraft, worth more than $1 billion.
"After only 18 months in operation, Waypoint has achieved significant scale, surpassing $1 billion in assets with a growing, broad global customer base, while remaining diversified across all four OEMs. Additionally, we are delighted to receive a further $75 million commitment from our equity sponsors, underpinning our continued growth strategy and reaffirming their conviction in our long-term prospects," said Ed Washecka, CEO of Waypoint.