New finance for Omni Serv allows new contract from BAA

RBS has provides, Omni Serv, an airline service providers, with a £4.8 million funding package. Lombard, the asset finance arm of RBS, provided £1.8million to fund the purchase of minibuses, medical lifts and airport buggies. RBS Invoice Finance also provided a £2.3 million working capital facility. The deal helped Omni Serv secure a new £12 million a year contract from the British Airports Authority. Ernie Patterson, chairman of Omni Serv, says: “Heathrow is the UK’s largest airport with more than 90 airlines based there. Given the size of the airport this is a landmark contract for Omni Serv and one