ATR 42-500 03/07/2017
Ablrate lenders loaned £1.85 million against an ATR 42-500 aircraft valued at £3.3 million. This loan was the biggest in p2p history for an aircraft.
The loan was for 6 months at 13% (annualised) and extended with a penalty rate of 17% being applied. The loan completed in September 2016 with all capital and interest paid. The aircraft was sold to parts company.