AFREXIMBANK In Second Phase Of US$1.9bn Financing

News: Egypt-based African Export-Import Bank (AFREXIMBANK) is in the second phase of financing for Kenya Airways. Under the US$1.9bn financing arrangement, signed in May 2012, Kenya Airways will purchase 10 Boeing aircrafts, including a Boeing 777-300ER and nine Boeing 787-800 Dreamliners. The first phase of the financing, which concluded in November 2013, included delivery of 10 Embraer-190 planes and pre-delivery payments to the aircraft manufacturers. Kenya Airways will receive the delivery of the first Boeing Dreamliner in May 2014, with the rest expected to be delivered by July 2015.

AFREXIMBANK In Second Phase Of US$1.9bn Financing

News: Egypt-based African Export-Import Bank (AFREXIMBANK) is in the second phase of financing for Kenya Airways. Under the US$1.9bn financing arrangement, signed in May 2012, Kenya Airways will purchase 10 Boeing aircrafts, including a Boeing 777-300ER and nine Boeing 787-800 Dreamliners. The first phase of the financing, which concluded in November 2013, included delivery of 10 Embraer-190 planes and pre-delivery payments to the aircraft manufacturers. Kenya Airways will receive the delivery of the first Boeing Dreamliner in May 2014, with the rest expected to be delivered by July 2015.

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