TLG Capital, in collaboration with Wema Bank Plc., has finalized a $10 million financing facility for VivaJets, a subsidiary of Nigeria-based Falcon Aero. Described as the first internationally structured aviation financing for a Nigerian Air Operator, the deal aims to strengthen intra-African air connectivity, particularly in underserved tier-2 and tier-3 cities, to support regional trade and economic growth.
The financing according to Viva Jet resolved complex funding challenges, creating a single, USD-denominated facility that cleared legacy debts, reduced interest costs, and allows the company to focus on delivering seamless client experiences across the region.
The transaction was advised by Wigwe & Partners and Hannaford Turner LLP for TLG, with support from TLG’s Oladipupo Ayoola and Aum Thacker, with Wura Adetiba, Kayode Adebiyi, and Seun Olajide leading for Falcon Aero.
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