The deal is subject to UK and US governmental approvals, to finance eight search-and-rescue (SAR) helicopters comprising of three Sikorsky S 92s and five Leonardo AW189s in SAR configuration.

Bristow Group is the leading global provider of industrial aviation services offering helicopter, SAR and aircraft support services. Bristow, including its subsidiaries and affiliates, operates a fleet of approximately 450 aircraft and is operating nine UK SAR bases as a part of its 10-year 10 SAR base contract to provide SAR helicopter services in UK.

Mark Jamieson, Head of Helicopter Finance, Lombard said: “Bristow has had a long-standing relationship with Royal Bank of Scotland so we are delighted that this partnership has been extended to Lombard and that we have been able to facilitate the funding to finance the helicopters for this prestigious SAR contract. We are also proud to finance life-saving helicopters that will safeguard our shores for many years to come.”

The finance, which has been secured over seven-year terms, has enabled the replacement of Sea King helicopters with an advanced SAR fleet equipped with the latest in helicopter technology that provide extended range and coverage, particularly in the North Sea and Atlantic Ocean. The facilities are denominated in British pounds.

Don Miller, senior vice president and chief financial officer for Bristow added: “These US$200 million equivalent financings provide additional support for Bristow’s partnership with the UK government as we continue our successful implementation of the UK SAR contract. These helicopters will deliver an important service to all the citizens of the UK for years to come.”

Mark Jamieson stressed: “Lombard Aviation has seen strong growth in the helicopter market over recent years but the deal with Bristow firmly cements Lombard as a leading player in the market. Much of the success of our dedicated team is down to accumulated knowledge and commitment to understanding the specific needs of our customers.”