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Arik Air closes $106 million ECA-backed bridge financing
08 April 2009
Nigeria’s largest carrier will use the funding for the purchase of four aircraft as part of its fleet expansion plans
Read more:
Arik Air
Nigeria
737-700
A340-500
ECA
HSBC
Afreximbank
Arik Air has closed a $106 million ECA- backed bridge financing transaction which will be used to purchase one A340-500 and three 737-700s. Issuing bank is Union Bank of Nigeria. Mandated lead arrangers are HSBC and African Export-Import...
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