RwandAir gets loan nod from Ex-Im Bank in US

(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

RwandAir gets loan nod from Ex-Im Bank in US

(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.

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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.

www.rwandair.com

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