LCI closes $75 million asset-backed helicopter financing

Lease Corporation International (LCI), helicopter lessor and aviation division of the Libra Group, has closed a new asset-backed helicopter financing facility in excess of $75 million. The new facility, led by CaixaBank along with a consortium of financial institutions, was arranged by National Westminster Bank as part of an oversubscribed financing, and will be used to support the continuing growth of LCI’s helicopter fleet for civilian use, LCI says. The new arrangement is CaixaBank’s first with LCI, and follows the successful closing of a similar facility earlier this year with Close Brothers Aviation and Marine.  Jaspal Jandu, chief financial officer