Finance, Taxes, Insurance
Macquarie Agrees To Buy Bankrupt Waypoint for $650 Million
Macquarie's acquisition of Waypoint will strengthen its position in the helicopter leasing market.

Australia-based Macquarie Group has entered into a purchase agreement to buy the assets of helicopter lessor Waypoint out of bankruptcy for $650 million. This represents a deep discounting of Waypoint’s fleet of 165 helicopters, which the company valued at $1.5 billion in bankruptcy papers filed just last month. Macquarie plans to combine Waypoint’s rotorcraft assets with its own.