Waypoint Leasing Places Helicopter on Lease to Grupo FAASA

August 30, 2016

Transaction Marks Waypoint’s 17th Aircraft Re-Lease Event and Further Expansion into Utility Market

Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed a lease agreement with Calquin Helicopters S.A. (“Calquin”), a wholly owned subsidiary of Grupo FAASA (“FAASA”), for one Airbus AS350 B3 helicopter, which will transition from firefighting operations in Europe to high altitude utility missions in the Andes Mountains. This transaction represents Waypoint’s 17th aircraft re-lease event and underscores the company’s commitment to expanding into the utility market.

Ed Washecka, Chief Executive Officer of Waypoint, said, “I am pleased to once again be working with the Tamarit-Almagro family and the excellent team at FAASA on this important transaction, and I am confident that it marks the beginning of a dynamic partnership between our organizations. This transaction – and the support and commitments we are receiving from customers – is illustrative of our ability to remarket underutilized heavy aircraft as demand continues to increase.”

Miguel Tamarit Campuzano, Chairman of FAASA, said, “We have known members of the Waypoint team for almost a decade and look forward to collaborating on a range of utility missions across Europe and benefitting from Waypoint’s expertise, flexible order book and unique financial solutions.”

Since its inception in 2013, Waypoint has been active in supporting utility, firefighting and other industrial-focused helicopter operators. Waypoint’s portfolio includes more than 135 aircraft for 18 customers in 28 countries with total assets in excess of $1.6 billion. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 125 helicopters valued at more than $1.7 billion, to be delivered over the next five years.

 

About Calquin and FAASA

FAASA, headquartered in Palma del Rio, Córdoba Spain, was founded in 1966 and operates more than 75 aircraft in Spain, Chile, and Italy. Additionally, FAASA provides training services for pilots, mechanics and forest fire-fighters.

In 2015 FAASA diversified its footprint with the incorporation of Calquin in Chile. Calquin operates fixed and rotary wing aircraft in Latin America primarily in support of general utility, fire-fighting, pipeline monitoring, emergency medical, and oil & gas services.

 

Contacts

Media Contacts for Waypoint

Sard Verbinnen & Co

Andrew Cole/Jared Levy/Cameron Seligmann

212-687-8080

waypoint-svc@sardverb.com