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Avery Charter Services LtdAviation finance case study

Helping British businesses

Avery Charter Services first turned to Paragon when it purchased a helicopter and was so pleased with the service that it returned when building up its fleet.

Looking to expand into the charter business, Avery sought £1.4 million of support from Paragon towards buying and fully refurbishing a Hawker 750 light-midsized business jet.

Once Avery had found an aircraft that fitted its criteria, based on passenger capacity and range, the company liaised with Paragon’s Head of Aviation Alison Jones and her team to swiftly make all the necessary arrangements to see that the deal went ahead.

The forward-thinking British company has invested in acquiring aircraft to use for its business and to use for charter.

Our dealings with Paragon were proactive, reliable and professional

Matthew Proctor, co-owner of the aircraft, said: “With an aim of having aircraft that will be popular in the short to medium range charter market, Avery was interested in adding a corporate jet into their existing helicopter charter business for some time.

“We first worked with Paragon when we were looking for finance on a helicopter purchase. Paragon was able to structure that funding in line with our requirements.”

John Strowbridge, principal owner of Avery Charter Services, added: “Alison and her team always provided prompt feedback and outline terms on lending requests and, importantly, honoured those lending terms as the transaction progressed to completion.

“They have also been very proactive engaging with all parties on the transactions to assist in getting the deal to a successful completion.

“Our dealings with Paragon were proactive, reliable and professional.”

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Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551