16-Jul-2013 Source: Macquarie Group
Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced the launch of Macquarie Rotorcraft Leasing, a helicopter operating leasing business that will focus on the growing, worldwide demand for commercial helicopters servicing offshore oil and gas, medical transport, search and rescue, and the executive transport markets.
“We are pleased to be able to build upon the experience and success of Macquarie’s commercial aviation and rail leasing business with the launch of this new business,” said Stephen Cook, Global Head of Transportation Finance, Macquarie Group. “We believe this market sector is a logical and attractive extension of our current leasing offerings.”
As part of the formation, Macquarie also announced the following executive appointments:
“I am excited to lead this new venture, one that will bring liquidity and financial flexibility to commercial customers,” said Jeffrey Pino, CEO of Macquarie Rotorcraft Leasing. “With the resources of Macquarie and what I believe is the strongest helicopter management team in the business, we are well positioned to provide competitive proposals to customers worldwide and we look forward to renewing those relationships with this platform.”
“We are very pleased to be working with Jeff Pino and the team, capitalizing on their experience and knowledge of the industry, the product and the customers,” added Mr. Cook.
UBS Investment Bank acted as sole financial adviser to Jeff Pino and Jim Clarke.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 13,600 people. Assets under management total approximately $362 billion at March 31, 2013. For more information, visit www.macquarie.com/us.
About Macquarie Rotorcraft Leasing
Macquarie Rotorcraft Leasing will be a leading commercial helicopter operating lessor, focusing on turbine-powered helicopters across a range of commercial applications. The business will invest in a variety of assets from a range of equipment manufacturers, leasing those assets to operators throughout the globe. For more information, visit www.macquarierotorcraft.com.