RBS International funds new Aurigny aircraft

Posted: 08/01/2019

RBS International has provided a multimillion-pound loan facility to enable Aurigny, the States of Guernsey-owned airline, to purchase three new aircraft.

The new ATR72-600s, acquired from Avions de Transport Regional GIE, incorporate ClearVision technology designed to reduce disruption caused by fog. The new aircraft also promise to reduce ongoing maintenance costs as they are phased into the fleet.

The RBS International relationship team in Guernsey – led by Craig Morris, Senior Relationship Director, Corporate and Commercial, and Emma Rayson, Credit Manager – arranged a 10-year loan facility in support of the transaction.

in addition, as the acquisition was undertaken in US dollars and the loan was provided in sterling, the team assisted Aurigny in managing the foreign exchange risks, as well as managing the interest rate exposure over the 10-year term.

Aurigny is scheduled to take delivery of the aircraft in August, October and November this year. 

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