RwandAir borrows $160m from PTA Bank to buy Airbus aircraft
RwandAir’s aeroplanes at Kigali International Airport. The airline has borrowed $160 million more from PTA Bank to acquire two aircraft even as it looks to offload 30 per cent of its shares to a strategic investor. PHOTO | FILE
RwandAir has borrowed $160 million more from PTA Bank (the Eastern and Southern African Trade and Development Bank) to acquire two aircraft even as it looks to offload 30 per cent of its shares to a strategic investor.
The airline has reached an agreement with PTA Bank to increase its fleet to eight. The new aircraft, to be delivered from July next year, are one Airbus A330-200 and an A330-300 — both fitted with Rolls-Royce Trent 772B engines.
