Press Release

Issued by Lobo Leasing.

February 20, 2018

Lobo Leasing Limited, a leading world-wide helicopter leasing company based in Dublin, Ireland, is pleased to announce the completion of a helicopter leasing transaction with international operator Titan Helicopter Group (THG) for one offshore configured AW139 helicopter. The helicopter is being used by THG to provide crew change flights to offshore mining vessels located along Namibia's coastline. In addition, the helicopter will provide SAR/EMS cover for the offshore installations.

Lobo Chief Commercial Officer, Mark Kelly, commented: “We are pleased to team with such a reputable operator as THG to further diversify our fleet into offshore mining support which is a new market area for Lobo. Having known Titan for a long time, we welcome the opportunity to support their modern fleet with this AW139.”

Martin Steynberg, THG chairman stated “Lobo was able to provide flexibility and the ideal helicopter for the job and worked efficiently with our team to build the lease matched to our specific needs. We look forward to a longstanding working relationship with Lobo Leasing.”