GD Helicopter Finance enters leasing sector with large H160 order book

GD Helicopter Finance News Release | Retrieved from Vertical Magazine

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A new helicopter leasing and finance company has launched in Dublin, Ireland, entering the market with an existing order book of 50 Airbus H160s and plans to add super mediums to its fleet “in the near term.”

GD Helicopter Finance (GDHF) is led by Michael York, who previously served as joint head of commercial at leasing giant Milestone Aviation.

“I am honoured to lead GDHF as the founding CEO,” said York in a press release announcing his appointment. “My goal is to build the best team and platform in the industry, setting a strong long-term culture of customer focus, trust, integrity, excellence, speed and flexibility.”

He said the company will offer near-term availability of the “newest technology, efficient, cost-effective, multi-mission helicopters,” through its existing order book of H160s, and an additional order of super mediums.

On its website, the company lists the Leonardo AW139 and AW189, as well as the Airbus H175, as among its fleet.

GDHF said it also has the ability to readily deploy additional capital to meet market requirements for helicopter financing.

The company enters the helicopter leasing sector at a time of renewed growth in the offshore sector. Leasing companies experienced a huge boom just over a decade ago, following the founding of companies including Milestone, Lease Corporation International (LCI) and Waypoint, but this was followed by a fallow few years as fleet utilization plummeted with the downturn in oil-and-gas.

The outlook today is a lot brighter, with production surging and oil companies keen to embrace new technology rotorcraft to replace older generation aircraft.

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To view our current inventory of offshore-equipped and super-medium aircraft, visit our website

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