Falcon Aero financing deal with TLG Capital and Wema Bank provides $10m to expand VivaJets’ fleet and improve intra-African connectivity
Falcon Aero financing has taken a major leap forward, with the Nigerian business aviation platform securing a $10 million facility to strengthen its operations through its subsidiary, VivaJets.
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Announced on Wednesday via The Condia website, the long-tenor, USD-denominated facility was structured by British-owned asset manager TLG Capital in partnership with Wema Bank.
The funding marks the first internationally structured aviation financing for a Nigerian air operator — a milestone in the country’s aviation history.
With this strategic injection, VivaJets will retire its legacy debt, expand its fleet, and significantly enhance intra-African connectivity, targeting underserved tier-2 and tier-3 cities where trade is rapidly expanding.
Tejumade Salami, COO of Falcon Aero, highlighted the importance of long-term foreign capital in the aviation sector.
“This facility allows us to reduce our debt burden and focus on curating a seamless client experience across Africa,” she said. “It’s a game-changing moment for our operations.”
Falcon Aero currently operates under a Nigerian Air Operator Certificate and provides charter, acquisition, and aircraft management services to high-net-worth individuals and businesses across Africa.
VivaJets, its active wing, has already logged over 2,000 flight hours and continues to expand its fleet.
Isha Doshi, Partner at TLG Capital, praised the transaction as a powerful example of Africa-led growth in sectors often overlooked by global capital.
“VivaJets is connecting cities that are vital for economic development but remain under-linked. This is more than just aviation—it’s about building the future of African commerce.”
Wema Bank’s Deputy MD, Oluwole Ajimisinmi, emphasised the deal’s alignment with their mission to bridge financing gaps for African enterprises through strategic collaborations.
Legal support for the transaction came from Wigwe & Partners and Hannaford Turner.
Deal teams from both organisations and Falcon Aero played crucial roles in bringing the historic agreement to fruition.
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With two new aircraft set to join the fleet this year, VivaJets is poised to further cement its reputation as a leading player in African private aviation, with Falcon Aero financing now steering the brand into its next phase of high-altitude growth.
Source: Read more at arise.tv
David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.
