Waypoint Leasing and Leonardo Announce New Service Offerings for Medium Utility Helicopter Reconfiguration Program

Enhances Lifecycle Value of Leonardo’s AW139 for the Benefit of
Utility Operators

LAS VEGAS–(BUSINESS WIRE)–Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent
global helicopter leasing company, today announced in partnership with
Leonardo Company (“Leonardo”), the launch of a comprehensive maintenance
and training services offering in support of Waypoint’s Medium Utility
Helicopter (“MUH”) reconfiguration program.

The Waypoint MUH, a utility re-configured AW139, leverages the
performance capabilities of the AW139 platform to serve a wide range of
utility mission areas, including: firefighting, light EMS/SAR, mining,
powerline support, cargo & utility transport, and general aerial work.
With these added support services, the MUH program becomes a replacement
opportunity for customers operating in the utility segment.

Allan Rowe, Managing Director of Sales & Relationship Management at
Waypoint, said, “We are pleased to work together with Leonardo
Helicopters and take advantage of the full AW139 lifecycle, which will
greatly benefit utility operators. Waypoint’s MUH offers modern
technology, the latest safety systems, and the superior performance of
the AW139 at comparable costs to competing legacy utility aircraft. This
program leverages the success of the existing AW139 platform with the
opportunity to serve the global utility market segment.”

Emilio Dalmasso, Senior Vice President Global Sales at Leonardo
Helicopters, said, “The best-in-class AW139 platform, with over two
million flight hours to date, has proven itself capable of supporting a
wide range of missions. Waypoint’s MUH program is an important example
of how companies are thoughtfully expanding the lifecycle value of the
AW139, while positioning it to meet the modern demands of utility
operations. Our programs will be tailored to ensure cost
competitiveness, and will include entry into service, training, and
dedicated power-by-the-hour support plans.”

More information is available at waypointleasing.com/MUH.
The aircraft will be on display at the Leonardo booth at HeliExpo in Las
Vegas from February 27th. More information regarding the
aircraft’s demonstration tour will be released in the next several weeks.

Since its inception in 2013, Waypoint has been active in supporting oil
and gas, utility, firefighting and other industrial-focused helicopter
operators. Waypoint’s portfolio includes more than 160 aircraft for 35
customers in 32 countries with total assets in excess of $1.6 billion.
Additionally, Waypoint has firm and option orders with aircraft
manufacturers for more than 85 helicopters valued at more than $1.1
billion, to be delivered over the next four years.

About Waypoint

Waypoint is a global helicopter leasing company that provides operating
lease and financing solutions to helicopter operators worldwide.
Headquartered in Limerick, Ireland, Waypoint differentiates itself with
a senior management team that has direct helicopter operating and
leasing experience in key helicopter markets around the world, having
leased helicopters across Africa and the Middle East, Asia, Australasia,
Europe, and North and South America. Waypoint serves a wide range of
sectors including oil and gas, emergency medical service, search and
rescue, firefighting and governmental support. In addition to Ireland,
Waypoint has offices in London, the United States, Canada, Hong Kong,
Brazil, South Africa, and Australia. Further information is available at www.waypointleasing.com.

About Leonardo

Leonardo is among the top ten global players in Aerospace, Defence and
Security and Italy’s main industrial company. As a single entity from
January 2016, organised into seven business divisions (Helicopters;
Aircraft; Aero-structures; Airborne & Space Systems; Land & Naval
Defence Electronics; Defence Systems; Security & Information Systems),
Leonardo operates in the most competitive international markets by
leveraging its areas of technology and product leadership. Listed on the
Milan Stock Exchange (LDO), in 2016 Leonardo recorded consolidated
revenues of 12 billion Euros and has a significant industrial presence
in Italy, the United Kingdom, the United States, and Poland.

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Contacts

Media Contacts for Waypoint
Sard
Verbinnen & Co.
Jared Levy/Cameron Seligmann
212-687-8080
[email protected]