Asia-based helicopter services company, SFS Aviation and Lobo Leasing, a leading global helicopter leasing company, today announced the completion of a sale and leaseback transaction.
The companies have agreed to terms on the sale-leaseback of an AgustaWestland AW139, giving SFS additional flexibility to meet the growing needs of its customers and supporting its international expansion in the Asia-Pacific region. The AW139 will support oil and gas operations in the Gulf of Thailand.
Lobo’s chief executive officer, William Wolf, said, “We are very proud to have entered into this relationship with SFS. We look forward to growing our partnership with them and continuing to provide them with flexible leasing as well as other fleet growth and capital structure solutions tailored to their operational requirements.”
“It’s great to work with a partner like Lobo Leasing,” said Tisanu Ratanarat, SFS’ chief executive officer. “They’ve taken a thoughtful and creative approach in providing us with this sale-leaseback solution in a very timely fashion. Lobo is an important financial partner for SFS.”
About SFS Aviation
SFS are one of Thailand’s leading offshore helicopter operators. Founded in 1990 as Thailand’s first onshore operator the company expanded into supporting Thailand’s offshore oil and gas activities in 2005. Today SFS operate and maintain a modern fleet of helicopters comprising of Sikorsky S-76 and AgustaWestland AW139s. Since its inception SFS has maintained an exemplary 100% operational safety record and their Safety Management System (SMS) is seen as a leading benchmark to other operators.