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AfDB approves loans for Air Cote d'Ivoire Airbus purchase
November 9, 2017 / 8:36 AM / in a month

AfDB approves loans for Air Cote d'Ivoire Airbus purchase

ABIDJAN, Nov 9 (Reuters) - The African Development Bank (AfDB) has approved 98 million euros ($114 million) in loans and a 17-million-euro partial risk guarantee to support expansion plans at Ivory Coast’s national airline, Air Cote d‘Ivoire, the bank said on Thursday.

The AfDB financing will contribute to a total investment of 253 million euros that the company will use to expand its fleet with the purchase of five new Airbus A320s.

$1 = 0.8622 euros Reporting by Joe Bavier; editing by Jason Neely

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