On Monday, KQ the leading Sub-Saharan airline announced it had picked
the Africa Export-Import Bank to fund its acquisition of 20 new aircrafts.
The national carrier is planning to spend the $3.6 billion
over the next five years to increase its fleet and routes in order to serve
regional and international destinations.
Cairo-based Aferixmbank will finance the purchase of 10 Embraer-190s
from Brazilian Embraer, 9 Boeing 787-800s (Dreamliners) from Boeing Co., and
one Boeing 777-300ER.
Afreximbank is a
multilateral financial institution established in 1993, which promotes the
development of trade in the Africa region.
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