LCI closes new 5 year facility with Investec Bank

LCI closes new 5 year facility with Investec Bank

11-Nov-2022 Source: LCI

With the closing of a new 5-year facility with Investec Bank, we are delighted to announce that LCI group has surpassed the raising of over US$300 million of helicopter related finance and refinance in 2022. This follows on from the US$1 billion of aviation and helicopter capital raised from 2019 to 2021 – a significant achievement spanning the COVID pandemic.

Praveen Vetrivel, CFO of LCI, provides some insight: “As a lessor, we are required to be across a huge variety of capital sources from around the world.”

He continues: “Interest rates and financial compliance costs are up, and we look to offset these with our own efficiencies such as the raising of capital at scale. With a new aviation investment cycle upon us, we are deploying our resources across a broad and efficient range of products including: operating leasing; finance leasing; deposit payment finance; hedging; and also additional equipment finance.”

“Lessors such as LCI play a significant role in the aviation and helicopter value chain, and facilitate new deliveries from the OEMs as well as trading in the secondary market. As such, we are vested in the long-term value and sustainability of assets, and form a key stakeholder in this community.”

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