Waypoint Leasing Signs Purchase and Leaseback Agreement with Bristow Group Inc

March 2, 2016

Transaction Marks Waypoint’s Continued Partnership with Bristow and Further Expansion into Latin America

1 March 2016

Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed a multi-aircraft agreement with Bristow Group Inc. (“Bristow”) for the purchase and leaseback of three AgustaWestland AW139 helicopters.  All three helicopters will operate offshore in crew change and limited Search and Rescue roles, on long-term contract in Guyana.

“We are pleased to announce yet another lease transaction with Bristow, and appreciate the opportunity to provide leasing solutions to one of the leading offshore helicopter operators in the world,” said Waypoint CEO Ed Washecka.  “We deeply value our partnerships and are proud to support Bristow’s continued success while furthering our own expansion in Latin America.”

Waypoint’s portfolio includes more than 120 aircraft with total assets in excess of $1.5 billion.  Waypoint’s fleet operates for 16 customers in 27 countries.  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 Bristow Group

Bristow Group Inc. is the leading provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations. The Company has major transportation operations in the North Sea, Nigeria and the U.S. Gulf of Mexico, and in most of the other major offshore oil and gas producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad. For more information, visit the Company’s website at www.bristowgroup.com

 

Media Contacts for Waypoint

Andrew Cole/Jared Levy

Sard Verbinnen & Co

212-687-8080

waypoint-svc@sardverb.com