Helicol Colombia

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PRESS RELEASE – 20 August 2017

Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, announced today that it has agreed deal terms for the purchase and lease-back of one AW139 helicopter with Helicopteros Nacionales de Colombia, SAS (“HELICOL”), which is used in support of contracts within the offshore oil and gas sector in Colombia.  This is Waypoint’s first lease transaction with HELICOL and first in Colombia.

Steffen Bay, Waypoint Vice President, Sales and Relationship Management for Latin America, said, “HELICOL has been modernizing its helicopter fleet over the last year, and we are pleased to be part of that growth. The AW139 is a new technology aircraft, which will allow HELICOL to operate for all major oil companies currently operating in Colombia. Their continued demand for offshore-equipped aircraft is a testament to their vision and to improving market conditions.  We look forward to working alongside HELICOL to continue to help the company meet its financial and operational objectives.”

“We are pleased to have completed this transaction with Waypoint,” said Juan David Restrepo Botero, General Manager of HELICOL.  “In addition to their technical expertise and operational perspective, we choose to work with them to benefit from their flexible lease options.”

Since its inception in 2013, Waypoint has been active in supporting oil and gas, utility, firefighting and other industrial-focused helicopter operators.  Waypoint’s portfolio includes more than 145 aircraft for 32 customers in 30 countries with total assets in excess of $1.6 billion.  Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 95 helicopters valued at more than $1.2 billion, to be delivered over the next five years.