Waypoint Bankruptcy Fuels Continuing Helicopter Glut | Aviation International News

Waypoint Bankruptcy Fuels Continuing Helicopter Glut

Helicopter lessor Waypoint filed bankruptcy after pursuing expansion in a down market.

Waypoint Leasing’s inventory ran the gamut from small models, to large models such as this EC225, which has struggled to find customers since a 2016 fatal accident over Norway.

By Mark Huber • Contributor

December 5, 2018

Helicopter lessor Waypoint’s autorotation into a billion-dollar bankruptcy was accelerated when on April 29, 2016 a CHC Airbus EC225 shed its main rotor hub and fell out of the sky over Turoy, Norway. The crash killed 13, lead to the worldwide grounding of helicopters in the EC225 family, and was the final straw on the back of financially strapped CHC; it filed for bankruptcy protection one week later.

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