Waypoint Leasing announces first Helicopter Leasing Transaction with Pacific Helicopters LTD.

September 28, 2015

Delivers Airbus H145 Aircraft to Operate in Papua New Guinea

Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, announced that it has placed the first of its Airbus H145 orders on lease with Pacific Helicopters Ltd. (“Pacific”), a leading provider of helicopter services in Papua New Guinea and throughout the Asia-Pacific region.

Ed Washecka, CEO of Waypoint Leasing, said, “This transaction validates the increasing importance of the H145 in meeting operator demand around the world, and marks the beginning of an important relationship with a leading operator in the Asia-Pacific region. We are pleased to be working with the team at Pacific on this seminal transaction and are confident that it marks the beginning of a great partnership.”

“This is a very exciting time for Pacific Helicopters, with the leasing of the H145 assisting the company in its drive to capture a larger part of the market in the region by the inclusion of this highly advanced and modern helicopter with enormous capability in all quarters of operations and mission capability,” said Mal Smith, CEO of Pacific.

About Pacific Helicopters Ltd.

Pacific began its first operations in Papua New Guinea in 1975 with a single helicopter and has since expanded its operations and fleet worldwide having operated in Myanmar, Vanuatu, Nepal, Solomon Islands, Indonesia, Australia, and Afghanistan.  Pacific has a wide variety of experience serving customers in offshore oil and gas, seismic support, geological exploration, construction, aerial survey, and power line construction. Pacific Helicopters believe the H145 will prove to be the new generation helicopter operating in often-difficult environments of Papua New Guinea.

About Waypoint Leasing (Ireland) Limited

Waypoint Leasing is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide. Headquartered in Limerick, Ireland, Waypoint Leasing 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, Asia, Australia, Europe and North and South America. Waypoint Leasing serves a wide range of sectors including oil and gas, emergency medical service, search and rescue, firefighting and governmental support. Further information is available at www.waypointleasing.com.