Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion

Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion

Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion

The African Trade Insurance Agency (ATI) has concluded its first deal in Ethiopia, backing a US$159m loan from the African Development Bank (AfDB) to fund Ethiopian Airline’s fleet expansion with the purchase of an Airbus A350-900 jet. ATI sees this as an important step for backing future AfDB projects across the continent. Ethiopian Airline’s aggressive expansion strategy includes doubling its…