Waypoint Leasing Announces Executive Changes

January 30, 2018

Waypoint Leasing (Ireland) Limited (“Waypoint” or the “Company”), the largest independent global helicopter leasing company, today announced changes to its executive team as part of its ongoing efforts to better serve customers and pursue new growth and other strategic opportunities. Hooman Yazhari, most recently CHC Helicopter’s General Counsel and Chief Administrative Officer, has been named Chief Executive Officer effective February 5 2018, replacing Ed Washecka, who has left the Company.

Waypoint also announced that Alan Jenkins, currently Chief Operating Officer and Chief Financial Officer, has been promoted to President of Waypoint. Mr. Jenkins will also retain his existing duties as COO & CFO. In addition, Allan Rowe, currently Head of Commercial, has been promoted to Head of Sales & Relationship Management.

Waypoint’s ownership group said, “We are excited to have Hooman join the Waypoint team. Hooman brings a wealth of operational, financial, and managerial experience, having overseen dramatic transformations at some of the world’s leading aircraft operators and lessors. As we approach the fifth anniversary of Waypoint’s launch, we firmly believe that Hooman’s appointment as CEO—and the well-deserved promotions of Alan Jenkins and Allan Rowe—will position Waypoint for best-in-class customer service and strong, sustainable growth in the years to come. We continue to be energized by the Waypoint team, the business and its future prospects, and we remain fully supportive of the Company through this next important chapter of its development.”

Waypoint’s ownership group continued, “Ed was one of the founders of the Waypoint business and was instrumental in growing it through its start-up phase into the industry leader it has become.”

Mr. Yazhari said, “I am honored by the opportunity to lead Waypoint, a company renowned for its operational expertise and flexible financing solutions. Having worked closely with Waypoint for years as a customer, I have long admired its unique value proposition and the dedication and commitment of its employees. With recent market displacements, I see a range of opportunities for Waypoint to continue building its global platform, creating new and exciting opportunities for employees and customers across our network. I am confident that we can build on Waypoint’s success and continue to expand into new markets and deepen customer relationships going forward.”

Mr. Jenkins said, “On behalf of the management team, I would like to welcome Hooman to Waypoint and look forward to our Company benefitting from his experience growing and leading large and complex organizations. While the industry has faced recent headwinds, Waypoint continues to operate from a position of strength competitively and financially, with a best-in-class global platform and total assets in excess of $1.6 billion.”

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 160 aircraft for 32 customers in 32 countries with total assets in excess of $1.6 billion. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 85 helicopters valued at more than $1.1 billion, to be delivered over the next four years.

About Hooman Yazhari

Mr. Yazhari brings more than a decade of experience as an executive in aviation, having most recently served as General Counsel and Chief Administrative Officer with responsibilities for Fleet, at CHC Helicopter, the largest global helicopter operator, since 2015. At CHC, Mr. Yazhari was a key leader in developing and executing holistic transformation strategies to successfully guide the company through its balance sheet restructuring and reorganization, while also acting as a key leader in the renewal of its fleet and operations. Prior to CHC, Mr. Yazhari served as Senior Vice President and General Counsel of International Lease Finance Corporation (ILFC), a global market leader in the leasing and remarketing of advanced technology commercial jet aircraft to commercial airlines, from 2012 to 2014. He was instrumental to the transformation and successful sale of ILFC, as well as holding a key operational role at the company. Prior to that, he served in various leadership roles for Gategroup, a global aviation product and service provider. He obtained his law degree from Oxford University and master of laws from the London School of Economics.

About Waypoint

Waypoint is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide. Headquartered in Limerick, Ireland, Waypoint differentiates itself with a senior management team that has direct helicopter operating and leasing experience in key helicopter markets around the world, having leased helicopters across Africa and the Middle East, Asia, Australasia, Europe, and North and South America. Waypoint serves a wide range of sectors including oil and gas, emergency medical service, search and rescue, firefighting and governmental support. In addition to Ireland, Waypoint has offices in London, the United States, Canada, Singapore, Brazil, South Africa, and Australia.