Business loans provider praised for supporting company

Mon, 23 Apr 2007

In news that highlights Lloyds TSB Scotland's commitment towards supporting companies through business loans, the banking institution has just received praise for helping the world's largest provider of helicopters to the energy sector.

Over the past few months, the financial services provider has offered its accountants, taxation specialists, asset managers and other financing advisors to CHC Helicopter Corporation to negotiate the purchase of new aircraft.

As a result of the financing and advisory support, CHC has now been able to purchase four new Sikorsky S-92 twin-engine helicopters for use across northern Europe, which will be added to its current portfolio of more than 250 aircraft.

Blake Fizzard, vice president of financial structuring at CHC, has now commented on the acquisition by praising the assistance of the banking institution.

"Lloyds TSB Scotland's corporate asset finance team has a well-earned reputation for specialist expertise in aircraft asset financing," he said.

"They worked closely with us along every step of the way."

Lloyds TSB is a FTSE 100-listed company traditionally recognised as one of the UK's big four banking institutions.

HSBC, Royal Bank of Scotland/NatWest and Barclays are the other three banking corporations in the group.

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