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Funding For New Aircraft

RwandAir gets loan nod from Ex-Im Bank in US

Wolfgang H. Thome, eTN  Jun 07, 2011

(eTN) - News from Kigali overnight confirms that RwandAir has secured financing approval for their two brand new B737-800s, which are due for delivery in a few months time, through the American Ex-Im Bank. Fund disbursal is expected to take effect via the PTA Bank, also known as the Eastern and Southern African Trade and Development Bank.

Delivery of the first NG B737 is due for August 22 of this year, and the second such aircraft will arrive in Kigali a few weeks later. Both aircraft will feature the latest state-of-the-art "Sky Interior" and inflight entertainment.

The PTA Bank had in the past also supported RwandAir when they purchased two CRJ 200 aircraft from Germany’s Lufthansa, which came with a major maintenance support package at the time. RwandAir has in recent years, notably as a stand-alone airline without a strategic partnership in place, emerged as a serious regional player and added routes, frequencies, and still improved greatly on its balance sheets as a result of a fresh focus after deciding on a new business model two years ago.

RwandAir gets loan nod from Ex-Im Bank in US
Sky interior of 737-800 / Image via

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