Hitachi Capital Business Finance has appointed Giles Latchford as the
new head of aviation. Reporting to Robert Munn, divisional managing
director, Giles will now assume all responsibilities for continuing the
company's expansion in niche market financing of light aircraft,
helicopters and business jets.
Giles brings over eleven years aviation experience which includes
setting up and running a $45m commercial aircraft leasing company,
financing and leasing regional aircraft and most recently through his
own consultancy business providing global studies of the aviation
market for an international bank, a major oil company and a number of
other international business jet operators.
This latest appointment confirms Hitachi Capital's sustained dominance
in the aviation market. Over the last 12 months the firm has taken
pole position in the UK general aviation finance sector - from a
standing start in late 2002 to some 30 per cent of the market in 2006.
Hitachi Capital sources business from both dealers and customers directly. Finance is made available for helicopters and fixed-wing aircraft in approximately equal numbers and the company has around 210 units on its book at present.
Robert Munn, divisional managing director for Hitachi Capital Business finance said: "Our aviation team is committed to providing sound advice as part of the package for customers and Giles' deep experience and knowledge of the commercial aviation market will be invaluable in leveraging the growth of our company in this increasingly important area for the business finance division."
Commenting on his appointment Giles said: "I look forward to building on the solid foundations that Hitachi Capital has already established within the general aviation market by supporting our existing business and penetrating new markets in the aerospace industry. I intend to build on our reputation by providing an improved response and more transparent process for the customer. I will be heading-up an experienced and enthusiastic team who will work with our customers to find the best financial solution for their aviation needs."
Hitachi Capital Business Finance Hitachi Capital Business Finance is a specialist provider of flexible finance and leasing arrangements in many business areas; Construction, Engineering, Print, Aviation, Farm and Country, and Block Discounting. Businesses can choose from a range of market specific products and bespoke packages through a variety of channels including vendor solutions, sales aid programmes and direct leasing.
Hitachi Capital (UK) PLC gained a full listing on the London Stock Exchange in 1997 and is part of one of the world's largest and most respected groups. Through its 5 main business areas: Business Finance, Consumer Finance, Credit Management, Insurance Services and Vehicle Solutions, Hitachi Capital provides a carefully selected range of quality financial and insurance products that can be tailored to meet the needs of both businesses and personal customers.