LCI currently operates a fleet of over 140 helicopters and fixed-wing aircraft, with an additional 125 on order. Its highly experienced and well-connected management team works closely with aircraft and engine manufacturers and major financial institutions.
LCI’s long-held fixed-wing strategy of undertaking aircraft investments timed with market cycles includes its US$1 billion fleet divestment in 2007, and its US$4.8 billion fleet investment and divestment cycles from 2008 to 2020.
In February 2012, LCI signed a $400 million contract for the purchase of a fleet of Leonardo helicopters on a five-year delivery schedule, signalling its breakthrough into the rotary wing aircraft sector whilst opening new markets to aviation leasing.
In September 2021, LCI re-entered the fixed wing market with the acquisition of an Airbus A330-300 commercial aircraft. In December, LCI acquired Nova Capital Aviation (Ireland) Limited, a division of the Nova Capital Group, resulting in a substantial expansion of LCI’s leasing platform.
LCI signed an agreement with BETA Technologies in April 2022 to acquire up to 125 of their electric vertical take-off and landing (eVTOL) aircraft. LCI’s commitment for BETA’s ALIA-250 eVTOL aircraft will enable the company to sustainably support operations across the globe.
LCI’s parent company, the Libra Group, is a private international business group whose subsidiaries own and operate assets in over 50 countries. It is focused on six sectors: aviation, renewable energy, shipping, hospitality, real estate, and diversified investments
Overview
Funding Rounds 1
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Mentions in press and media 6
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| Nov 4, 2024 | BETA Technologies Raises More Than $300M in Equity Funding | BETA Technologies, a South Burlington, VT-based electric aviation company, raised more than $300M in Equity funding. The round was led by QIA, with participation from Fidelity Management & Research Company, TPG Rise Climate, and United ... |
| Oct 17, 2024 | The Dawn of Electric Aviation: Beta Technologies Takes Flight | The skies are changing. Electric aviation is no longer a distant dream. It’s becoming a reality. Beta Technologies, a Vermont-based startup, is at the forefront of this revolution. They recently unveiled their passenger electric vertical ta... |
| Oct 17, 2024 | The Future of Flight: Beta Technologies and the Rise of Electric Aviation | In the world of aviation, change is the only constant. The skies are about to get a lot greener. Beta Technologies, a Vermont-based startup, is leading the charge with its innovative electric vertical takeoff and landing (eVTOL) aircraft. T... |
| Oct 16, 2024 | Beta Technologies представила первый пассажирский электросамолет | Компания Beta Technologies представила следующий электрический самолет в своей линейке — версию вертикального взлета и посадки ALIA и самолетов с фиксированным крылом, которая перевозит пассажиров, сообщает TechCrunch. Электрические самолет... |
| Jan 11, 2023 | Elroy Air Autonomous Cargo VTOL Orders Top $2 Billion With New Deal | Rendering of Elroy Air Chaparral autonomous hybrid electric vertical takeoff and landing cargo ... [+] drone. The South San Francisco company landed a deal to sell up to 40 to UK aviation company LCI. Elroy Air |
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FAQ about LCI
When was LCI founded?
LCI was founded in 2004.
How much funding has LCI raised?
LCI has raised $135M in total across 1 funding round.
What has the press written about LCI?
Parsers VC has collected 6 articles mentioning LCI, among them “BETA Technologies Raises More Than $300M in Equity Funding” (Nov 4, 2024) and “The Dawn of Electric Aviation: Beta Technologies Takes Flight” (Oct 17, 2024).
Is LCI still active?
Yes, LCI is active; its latest activity on Parsers VC dates from Nov 8, 2024.