Aviation PLC has announced it has entered into 10-year loan facility agreements for up to US $152.2 million under a mandate to Crédit Agricole-Corporate Investment Bank. The loan facilities can be drawn down progressively by the Company on an aircraft by aircraft basis for the purpose of purchasing a fleet of eight new ATR72 Aircraft for operation in Australia. The first of these aircraft, an ATR72-500, has been financed and was delivered new on August 11, 2011. The loan facilities, with respect to the first four aircraft, are credit insured by the French and Italian export credit agencies. This is

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In