Avincis signs sale and leaseback agreement for HEMS ops

Aerial services provider Avincis has signed a €50-million sale and leaseback agreement with LEVL Leasing Limited – a joint venture of Lobo Leasing and EMP Structured Assets.

The agreement covers six Airbus H145 D2 and D3 helicopters, all of which will be used to operate long-term emergency medical services (EMS) contracts in regions of Italy.

“We are pleased to create a new long-term partnership with Lobo, with the addition of these well-equipped EMS helicopters,” said Simon Chartres, Avincis’ Group Fleet Director. “Avincis performs critical, life-saving EMS services throughout Europe, and these aircraft, along with our world-class personnel, help make that mission possible.”

Ulf Hüttmeyer, Executive Vice President of EMP Structured Assets, added: “This is a big milestone for LEVL, deploying additional equity for helicopters performing life-saving missions on long-term leases with a leading European operator. We are looking forward to further developing our relationship with Avincis from this strong basis and continue supporting their EMS operations across Europe.”

Avincis, formerly known as Babcock Mission Critical Services, was rebranded earlier this year after a partial sale of the company by Babcock. The rebranding restored the company’s former name, under which it had operated until 2014.