Acquisition Facility for the financing of 6 new Cessna Grand Caravan 208B EX aircraft for Federal Airlines
Federal Airlines is a new client of ours. We provided a 7-year aircraft secured revolving credit facility to them to finance their acquisition of 6 new Cessna Grand Caravan 208B EX aircraft. The facility was advanced in two tranches for 3 aircraft each.
About Federal Airlines
Federal Airlines is Africa’s Leading Private Charter and Shuttle Airline Partner. The airline was established in 2004. Their shuttle services operate to airstrips located in the Kruger National Park, Sabi Sands Private Game Reserve and Madikwe Game Reserve and their charter flight destinations include Plettenburg Bay, Cape Town, the West Coast, Windhoek, Maun, Victoria Falls, Pafuri, Phinda, Mbombela and Mozambique.