top of page
Search
  • Chidozie Uzoezie

Ibom Air Secures Financing From Zenith Bank For Airbus Aircraft


Zenith Bank, West Africa’s largest financial services provider, Ibom Air and Airbus have celebrated the successful financing of Ibom Air’s first A220 delivered in November 2023. This historic collaboration also represents the bank’s commitment to aircraft financing.


The agreement between Ibom Air and Zenith Bank, which was facilitated by Airbus, is part of a broader shift that could provide much-needed financial momentum and signal a new era of financial support for the continent's promising aviation sector. 


“At Zenith Bank, we know how important a role financial institutions play in acting as economic enablers,” says Dr Ebenezer Onyeagwu, the Bank’s Group Managing Director. “We also understand how important the aviation sector is to facilitating economic growth in Nigeria and across the broader African continent. This landmark agreement solidifies our commitment to supporting regional carriers and advancing the landscape of African aviation financing.


Securing adequate funding poses a significant hurdle for African carriers. Financing conditions for African Airlines are generally less favorable compared to other regions. Consequently, African airlines encounter challenges in acquiring and executing renewal and expansion initiatives. 


Ibom Air Chief Operating Officer George Uriesi: “Aircraft financing is a collaborative effort, and the support of regional banks is pivotal. This synergy fosters a sustainable aviation ecosystem, allowing us to soar higher and drive positive socio-economic impact in Nigeria and the broader continent.


Nigeria is widely recognized as the African market with the highest growth potential, and we aim to be at the forefront of that growth.”


According to the 2023 Airbus Global Market Forecast (GMF), airlines serving Nigeria will require nearly 160 passenger and freight aircraft in the next two decades. This includes 131 single-aisle aircraft, such as the A220 and A320 families, and 28 widebody aircraft, such as the A330 and A350 families. 


“Over the past five years, Airbus has successfully supported the financing of more than 60 deliveries within the African continent through lessors, banks, and export credit agencies. We are thrilled to now have Zenith Bank in the arena of brand-new Airbus aircraft financiers; Boris Sakrauski, Head of Customer Finance Airbus, we hope that its involvement in the sector sends a powerful signal to other banks and financial institutions in Nigeria and across the continent about the exciting potential of the African aviation sector.”

Comments


A4-print-explore the world with ethiopian-R-1022-compressed.jpg
SAT2.jpg
unnamed.jpg
SAA2.jpg
450 x 450.png
300x300px.jpg

 Featured Posts 

Comments (25)

Guest
Sep 21, 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

Like

Guest
Sep 30, 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

Like

kasarokcaesar
Oct 24, 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

Like

Guest
Nov 10, 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

Like

Guest
Nov 18, 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

Like

Guest
Dec 04, 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


Like

Guest
Dec 15, 2022

WoW. Amazing Review. 👍

Like

Guest
Jan 07, 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

Like
Guest
Aug 07, 2023
Replying to

Where is here.

Like

Guest
Jan 27, 2023

Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html

Like

Guest
Feb 27, 2023

I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


Like
WAF  300 x 300.png
EAA24-web-banner-300x300.jpg