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Air Cote d'Ivoire gets loans for Airbus purchase
The African Development Bank (AfDB) has approved 98 million euros in loans to help fund the national airline of the Ivory coast. This will contribute to their purchasing of five new Airbus A320s. This amounts to an investment of 253 million euros of investment that the company claim will make Air Côte d'Ivoire West Africa's premier airline, as well as make the capital, Abdijan, become the central hub of air travel in the region.
“Despite recent growth, the aviation market in the West and Central Africa region is the most disadvantaged on the continent and has huge suppressed demand – a situation that has hampered regional growth and integration,” it said in a statement.
Still, while the Abidjan-based lender has participated in loan packages to commercial airlines in the past, some board members had raised questions about the structure of the loans and whether they fulfil the AfDB’s development vocation.
Air Cote d'Ivoire receives first ordered A320
West African operator Air Cote d'Ivoire has taken delivery of its first ordered Airbus A320 during a ceremony in Toulouse.
The carrier has two A320s and three A320neos on order, according to Airbus's backlog data. Air Cote d'Ivoire formally signed for the A320s in April last year, selecting CFM International CFM56 powerplants for the type.
Airbus says the delivered A320 is configured with a two-class cabin, featuring 16 business-class and 132 economy-class seats. Air Cote d'Ivoire is already an Airbus single-aisle operator with leases on four A319s and two A320s.
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