AfDB approves USD159 million corporate loan to Ethiopian Airlines

African Development Bank (AfDB) approved (15-Dec-2016) a financing package of USD159 million to partly finance Ethiopian Airlines' expansion plan and fleet modernisation programme. The package comprises two tranches with African Trade Insurance to cover the first tranche of 85%. AfDB's support will allow Ethiopian Airlines to maintain momentum on expansion plan, and forms part of AfDB's plans to improve African aviation. [more - original PR]