7-Mar-2017 Source: Waypoint Leasing
Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has entered into a partnership agreement with Eagle, a leading global helicopter solution provider, to establish a new ‘Global Asset Management Services’ platform, which will provide a comprehensive offering of fleet management solutions for third party asset owners such as banks and other institutions.
The platform will leverage Waypoint’s seasoned, global Sales and Technical teams with the support of Eagle’s reputable maintenance and fleet support team and is ideally suited for asset owners who have had unplanned returns of aircraft or require support in asset remarketing or disposition. With complementary business operations and a combined network of strategically-located facilities around the world, Waypoint and Eagle will deliver efficient, tailored solutions across a spectrum of potential asset owner and operator needs, including: ongoing maintenance, repair, reconfiguration and modification, storage, inspection, full contract and supply chain administration, insurance, remarketing, and logistics and analysis around asset purchases and sales.
“Our partnership with Eagle and establishment of the Global Asset Management Services business reflect our joint commitment to provide best-in-class management, remarketing assistance, maintenance and modifications to financial institutions or other lessors seeking a home for their aircraft,” said Allan Rowe, Managing Director and Head of Commercial at Waypoint. “Waypoint’s experienced, in-region Sales and Relationship Management team has remarketed numerous aircraft, and our Technical team has managed more than a dozen extensive maintenance and reconfiguration projects. Certain financial asset owners are not equipped to remarket aircraft themselves, and through this partnership with Eagle, we will provide a cost-effective solution to get idle aircraft back to work, addressing a burgeoning unmet need in the market.”
“We look forward to working alongside Waypoint’s experienced industry professionals to optimize customers’ end-to-end fleet management,” said Mike O’Reilly, Chairman of Eagle. “In coming together, we believe that both companies will draw on each other’s strengths to efficiently maintain, update and remarket aircraft with both short or long-term leases.”
Since its inception in 2013, Waypoint has been active in supporting oil and gas, utility, firefighting and other industrial-focused helicopter operators. Waypoint’s portfolio includes more than 140 aircraft for 28 customers in 30 countries with total assets in excess of $1.6 billion. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 110 helicopters valued at more than $1.3 billion, to be delivered over the next five years.