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Waypoint Leasing has opened an office in Hong Kong and closed the doors of its office in Singapore. The new location is to support operations and the customer base in China and the Asia-Pacific region.
“The number of civil helicopters operating in China has grown an average of fifteen percent annually since 2013, an astonishing rate in the face of a global market downturn during this period,” said Alan Jenkins, president, COO and CFO at Waypoint. “We anticipate Asia to be the most significant engine of global growth in the helicopter market over the next five years. Waypoint is dedicated to serving this important multi-mission market as it grows and evolves, and we will be well positioned to do so with our investment in resources in the region.”
Waypoint said VP of Asia Pacific Sales and Relationship Management Philip Stransky would lead the relocation of the Singapore office to Hong Kong. The new location is to be staffed by additional commercial, technical and legal personnel to service customers and support operations in the region.
“With our first deals already closed in China, the creation of our Tianjin leasing platform, and a strong pipeline of interesting opportunities across Asia, our new Hong Kong office is strategically important for Waypoint and is representative of the level of commitment we have in supporting our customers,” Stranky said. “Waypoint will have a compliment of industry experienced cross-functional resources embedded in the region, further enabling Waypoint to provide solutions and even faster deal execution for our growing customer base.”