RwandAir to purchase two Airbus jets in expansion move

RwandAir has signed a deal with a regional African bank for a $160 million loan as part of the financing to buy two aircraft from Airbus, the airline and the bank said on Thursday.

The loan will be arranged by the Eastern and Southern African Trade and Development (PTA) Bank and will be partly used to buy an Airbus A330-200 and Airbus A330-3000 to be delivered by 2016 as part of an expansion plan announced by the airline in April.

“We’ll have to upgrade our Dubai route with a much bigger aircraft that has capability to carry more passengers, baggage and cargo. That is a route that’s already suffering as we talk,” RwandAir CEO John Mirenge said at a signing ceremony in Kigali.

Read more: Aviation: RwandAir to get two Airbus jets | East & Horn Africa