3 weeks ago
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London-based TLG Capital has closed a US$10 cardinal installation for VivaJets, a subsidiary of Nigerian aviation services level Falcon Aerospace Limited (Falcon Aero).
The financing was structured alongside Wema Bank and volition discontinue a bequest local‑currency installation for craft acquisition and fleet growth.
Both TLG and VivaJets judge this to beryllium the archetypal internationally structured aviation financing for a Nigerian Air Operator, and backing volition beryllium applied to boost intra-African connectivity.
This injection of funds comes astatine a clip of accelerated enlargement for the concern aviation firm, which has a increasing fleet and planetary collaborations portion positioning itself arsenic a captious mobility and logistics spouse to the lipid and state manufacture successful Africa.
Speaking to journalists connected the sidelines of the African Energy Week successful Cape Town, South Africa, Falcon Aero CEO Erika Achum disclosed that the caller backing volition beryllium utilized to grow VivaJets’ fleet and fortify its operational beingness crossed Africa.
“We’re increasing from 3 to 4 craft now, and by the 3rd 4th of 2026, we expect to person importantly accrued our fleet. This volition let america to service much routes and clients crossed the continent,” Achum said.
According to the aviation tycoon, the institution is reshaping however aerial logistics supports lipid and state operations, ensuring indispensable question of people, instrumentality and products successful a assemblage wherever clip delays often construe into tremendous fiscal losses.
A spouse astatine TLG Capital, Isha Doshi, said: “Africa’s maturation communicative depends connected connectivity. Falcon Aero links cities that planetary superior often overlooks, including tier-2 and tier-3 hubs wherever commercialized and accidental are rising fastest. Aviation operators request long-duration superior astatine sensible rates. With our partners astatine Wema Bank and Falcon Aero, we are pleased to present a semipermanent financing solution that helps enactment highly skilled engineers, pilots, and workers successful Nigeria’s aviation sector”
Falcon Aero’s main operating officer, Tejumade Salami, said, “We spoke to galore lenders; TLG solved it. Their structured-solutions mindset turned a analyzable backing puzzle into a single, bankable facility. In our industry, accessing long-term, USD-denominated superior is critical. With this facility, we person retired bequest obligations and tin present absorption wholly connected curating a seamless acquisition for our clients crossed the region.
Our installation with TLG substantially reduces the magnitude of our gross and currency travel spent connected involvement and indebtedness service.”
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