KfW IPEX-Bank and PTA Bank finance another Airbus for RwandAir

Eleanor Steed
By Eleanor Steed December 1, 2016 18:22

KfW IPEX-Bank and PTA Bank finance another Airbus for RwandAir

KfW IPEX-Bank and the Eastern and Southern African Trade and Development Bank (PTA Bank) have closed the financing of an Airbus A330-300 for the Rwandan airline RwandAir. The aircraft with serial number MSN 1759 was delivered on 30 November 2016 in Toulouse. Established in 1985, PTA Bank is a multilateral, treaty-based financial institution with preferred creditor status and immunities.

It is the second joint transaction of the two banks: In September both signed an agreement for the purchase of an Airbus A330-200. In both transactions KfW IPEX-Bank extended the loan to PTA Bank.

PTA Bank is a supranational financial institution that, in turn, channels the funds as debt capital to RwandAir (known as on-lending).

Eleanor Steed
By Eleanor Steed December 1, 2016 18:22