Falcon Aero Appoints Moshood Abolade as Director
• This Day • Business
Falcon Aero has appointed Moshood Bode Abolade as an independent non-executive director to support its global funding initiatives. This appointment comes as the company intensifies efforts to secure large-scale funding for its international expansion across key markets. Abolade, an expert in infrastructure finance, has a background in investment banking and has held leadership roles at Africa50, BUA Group, and FBN Merchant Bank. His experience is anticipated to enhance board oversight and provide strategic financial guidance, crucial for Falcon Aero's capital raising plans. Chief Executive Officer Erika Achum expressed enthusiasm about Abolade joining the board, emphasizing the importance of his expertise in navigating global capital markets. The company is currently in a fundraising effort, having secured a £10 million credit facility from UK-based TLG Capital alongside Wema Bank, as part of its strategy to expand its fleet and reach beyond the African continent.
Topics: Business, Aviation