Helicopter Lessor Waypoint Sees Offshore Sector Bouncing Back | Aviation International News

Helicopter Lessor Waypoint Sees Offshore Sector Bouncing Back

Waypoint Leasing says lease rates for its S-92 and AW139 helicopters have increased, in part due to increased offshore energy industry demand.

Waypoint Leasing says the lease rates for new aircraft, such as this Leonardo AW139, are now receiving. [Photo:Waypoint Leasing]

By Charles Alcock • Managing Editor

March 2, 2017

Rotorcraft leasing group Waypoint sees improved demand from the offshore oil-and-gas-support sector, which has been a weak point in the helicopter market for the past three or four years. According to Waypoint CEO Ed Washecka, business confidence in the offshore sector is markedly improved since Opec’s December 2016 agreement to cut oil production in a bid to reverse weak pricing. Oil prices have since moved up and remained above $50 per barrel.

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