Pioneering ‘green’ loan finances BRA ATR 72-600

Scandinavian carrier Braathens Regional Airlines has received an ATR 72-600 which, it claims, is the first commercial aircraft to be financed under an environmental initiative known as the ‘green loan’ principle. Green loans are defined by the Loan Market Association as instruments made available exclusively to finance eligible green projects, which need to meet certain core criteria including utilisation of the loan proceeds to meet environmental sustainability objectives. Completion of the order is scheduled for early 2020, at which point the carrier will have 15 ATR 72-600s to replace BAE Systems Avro RJs. Green loans require the borrower to use proceedings on eco-friendly projects “This first ever ‘green financing’ of an aircraft confirms the high sustainable value of the modern ATR turboprop,” says the airframer. <br/>