Lloyds Banking Group to grow US helicopter, engine and business jet finance
Lloyds Banking Group, one of the UK’s largest banks, is looking to increase its business jet, helicopter and aero-engine finance business in the US.
Phillip Roberts, the bank’s head of aerospace, will be in the US for three months to further establish the business and look for finance opportunities and partnerships with manufacturers and possibly other lenders.
“We are not looking to come in and take over the market,” said Roberts. “The market is very well established and big enough that we can work on delivering deals within our selected focus areas.”
Although Lloyds has typically concentrated on European markets it has been active in North America for a number of years. “We will be talking a lot to our existing US business jet and helicopter customers, as well as the main OEM’s and developing new client relationships” said Roberts. “We already benefit from strong relationships with many operators and owners.”
Lloyds is also interested in working with other banks on deals. The bank typically lends a minimum of $10 million on each deal and will only finance aircraft and helicopters built after 2000.
If you want to contact Roberts directly, he can be reached on +44(0)7595 124176 or [email protected]