Newcastle Airport secures £364m finance package
Barclays, Lloyds, Santander, and AIB are now part of the airport’s banking group, with the deal also including a £20m Green Loan from the government.
Newcastle International Airport has secured a £364m bank financing package to refinance existing debt and support its long-term growth and sustainability plans.
Barclays, Lloyds, Santander and Allied Irish Banks are now part of the airport’s banking group, alongside existing lenders NatWest, HSBC and the Development Bank of Japan.
The package comprises term loans, capital expenditure facilities and interest-rate hedging arrangements.
As part of the deal, £20m has been allocated through a Green Loan to support sustainability initiatives, aligning with the airport’s ambition to achieve Net Zero Carbon by 2035.
The funding will be used to progress energy-efficiency projects and other carbon-reduction measures across the estate.
The airport is the largest in the North East of England and serves as the region’s primary international gateway, handling more than five million passengers annually across a network of over 80 direct routes.
The finance package is expected to underpin planned infrastructure investment, including ongoing terminal improvements and capacity enhancements aimed at improving the passenger experience and supporting future demand.
Andrew Woodruff, relationship director in AIB’s UK Infra team, said: “Newcastle International holds a unique market position as the principal aviation gateway to the Northeast of England, with sector-leading sustainability credentials and operational standards.
“AIB is delighted to have joined the lending group to support the business and its management team through the airport’s next phase of investment and growth.”
Mark Hunt, chief financial officer at Newcastle International Airport, said: “AIB has demonstrated strong appetite for the sector and belief in our business, and we are delighted they have joined the syndicate and taken a material position in our banking group.”
