VivaJets Secures US$10m to Enhance Intra-Africa Connectivity with TLG Capital and Wema Bank

VivaJets, a subsidiary of Nigerian aviation service platform Falcon Aerospace, has closed a US$10 million facility with London-based TLG Capital and Wema Bank (NGX: WEMABANK) to boost intra-Africa connectivity. The fund will support fleet growth and operational expansion across Africa.

Falcon Aero's CEO, Erika Achum, highlighted the importance of the fresh funds in strengthening VivaJets' presence and serving clients continent-wide. TLG Capital's Isha Doshi emphasized the significance of connecting African cities to global capital for economic growth.

Wema Bank and Falcon Aero aim to provide long-term financial solutions to support Nigeria's aviation sector.