Lack of Credit for Helicopter Market

Lack of Credit for Helicopter Market 14 Sep, 18, Source: HeliHub.com

Waypoint Leasing has had to look for help from financiers after breaching loan covenants. Waypoint has received finance from roughly 26 institutions, with many now closed for any new deals. They are currently restructuring, but even this will take time, reports Helicopter Investor. The oil downturn has affected the industry so badly that finding a bank that will be willing to supply funds for new helicopter deliveries is difficult. Credit is inaccessible.

Related Posts