Erickson files for Chapter 11, Lombard lends to Bristow
One step forward, one step back. Just as CHC prepares to exit from Chapter 11 early next year, Erickson has entered. Like CHC, Erickson’s filing is not a huge surprise. It has had a...
Tagged: Lombard
Lombard closes $200 million loan for Bristow SAR
Lombard, the asset finance division of Royal Bank of Scotland, has financed eight Bristow helicopters that are used on the UK search and rescue programme. The loan is worth $200 million. “We would like...
CHC sets hard deadline
CHC Group, one of the world’s two largest helicopter operators, this week announced that it had decided not to make an interest payment on its bonds that mature in October 2020. It was due to...
Another $100M for Waypoint takes total financing to more than $1.85 Billion
Waypoint Leasing has closed on a $100 million term loan facility led by Lombard North Central Plc, providing for dollar, euro and sterling funding capacity on a delayed draw basis. The company will use...
UK-based banks active in helicopter finance
Helicopter finance is still a niche for most financial institutions, but a number are committed to the industry. Here are contact details for individuals at UK banks active in June 2012.