Lobo Leasing receives $200 million from GSO Capital
Lobo Leasing in Ireland forms a partnership with GSO Capital.
Lobo Leasing, an international helicopter lessor, has received $200 million of equity capital from GSO Capital Partners, a division of Blackstone, to develop its global helicopter leasing company.
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Based in Dublin, Ireland, but with an additional office in San Francisco, Lobo will use the funds to arrange helicopter leases for operators that provide offshore oil and gas crew transportation, search and rescue, emergency medical services and general utility activities.
Bill Wolf, president and CEO of Lobo Leasing, said: “We are pleased to partner with GSO Capital who shares and supports our view of the tremendous opportunity to build a large global helicopter leasing platform. Our primary focus is on helping helicopter operators to grow and manage their fleets by providing them with creative and bespoke leasing solutions.”
“We are very excited to enter the global helicopter leasing market with Lobo Leasing,” said David Posnick, senior managing director at GSO Capital. “The Lobo Leasing management team has been involved in the helicopter industry for over 30 years and brings a depth of expertise as well as critical relationships to our partnership. We look forward to working with Lobo Leasing to build a leading company in the industry.”