Waypoint Leasing announces Helicopter Leasing Transaction with Caverton Helicopters

February 26, 2015

Limerick, Ireland – [2/25/2015] – Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has reached an agreement with Caverton Helicopters Limited (“Caverton”), a leading provider of aviation and logistics services to local and international oil and gas companies in Nigeria, to lease one new AgustaWestland AW139 and one Bell 412EP, both of which have been delivered to Caverton. The aircraft will operate in Nigeria supporting onshore and offshore oil and gas operations.

Ed Washecka, CEO of Waypoint Leasing, said, “We are excited to partner with Caverton, a world-class helicopter services company in Nigeria, and we appreciate their confidence in Waypoint. This marks our first transaction in West-Africa, which is already a significant helicopter leasing market and expected to continue growing long-term. We are confident that this marks the beginning of a long and productive partnership with Caverton.”

Commenting on the transaction, Mr. Adeniyi Makanjuola, Chairman of Caverton Helicopters, said, “We are pleased to accept and add these aircraft into our operations, which is in line with our fleet expansion strategy. It positions us well and enhances our capability to continue to render safe and efficient logistics services to our impressive customer base. The partnership with Waypoint Leasing has provided an avenue through which we can meet our growing need to renew and refresh our fleet.”

 

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, and with operations in Darien, CT, 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.

About Caverton Helicopters Limited

Caverton Helicopters Limited (a subsidiary of Caverton Offshore Support Group PLC) was established in September 2002 as a charter, shuttle and maintenance company and is now a major provider of aviation logistics to the oil and gas industry as well as other business sectors in West Africa. Headquartered in Lagos Nigeria, the company currently employs over 650 personnel and operates out of several purpose-built facilities in West Africa. As the largest operator of AW 139 aircraft in the region, Caverton is an Authorized Agusta Westland Service Centre with a vision to be a one-stop-shop for training and logistics services in Sub-Saharan Africa. The company is proud of its business relationship with an impressive oil and gas client base which includes Shell, Total, NNPC and Subsea 7 among others.

For more information, visit the company’s website at www.caverton-offshore.com.