RANA clients can obtain world class brokerage and competitive quotations through the dedicated team at Sovereign Insurance Services (SIS). Based in Gibraltar, SIS can offer direct links to underwriters based at Lloyds of London and elsewhere and provides a professional service in often time critical situations to owners and operators of private aircraft and helicopters, commercial airlines and other aviation related businesses.
Coverage can include:
- Power plant
- For both new and used aircraft
- Flying schools
- Fixed base operators
- General aviation/home build flyers
- Public liability
- Kidnap and ransom insurance
Bespoke insurance protection can be further supported by risk management and loss prevention programmes, thereby ensuring that clients can obtain the necessary advice to reduce the chance of a loss and help them to contribute towards their own safety initiatives.
The economic climate is difficult although certain geographical areas continue to demonstrate growth in the aircraft market. In spite of this, RANA has built up relationships with a number of banks, finance houses, leasing companies and groups of individuals who may demonstrate an appetite for investment in the aviation sector. The sourcing of finance for aircraft or aviation related investment is of course viewed on a strictly case-by-case basis with tailored terms and conditions. We can assist clients in trying to source finance from the widest potential market.
Lenders will look at a number of different factors and each has their own criteria for acceptance. These can include –
- loan to value ratio
- maximum age of the aircraft
- new or prior-owned
- the book value of the aircraft
- the jurisdiction of the aircraft’s registration
- proposed nature and location of operation
- type and nationality of the client.