TLG Capital has closed a US$10 million facility for VivaJets, a subsidiary of Nigerian aviation services platform Falcon Aero, in partnership with Wema Bank. The financing is regarded as the first internationally structured aviation credit facility for a Nigerian air operator and will support enhanced intra-African connectivity.
Commenting on the milestone, Isha Doshi, Partner at TLG Capital, said, “Africa’s growth story depends on connectivity. Falcon Aero is linking cities often overlooked by global capital, including tier-2 and tier-3 hubs where trade and opportunity are rising fastest. With Wema Bank and Falcon Aerospace, we are pleased to deliver long-term financing that supports skilled engineers, pilots, and workers in Nigeria’s aviation sector.”
Tejumade Salami, Chief Operating Officer of Falcon Aerospace, noted that TLG’s structured solutions enabled VivaJets to secure USD-denominated, long-tenor capital. “This facility allows us to retire legacy obligations and focus on curating a seamless experience for our clients across the region, while substantially reducing the share of revenue spent on debt service,” Salami said.
Oluwole Ajimisinmi, Deputy Managing Director at Wema Bank, highlighted the collaboration as a model for African financial institutions. “This partnership leverages TLG’s impact investment expertise and Wema Bank’s fiduciary capacity to bridge the financing gap for African businesses. It’s a credible example of how local banks can crowd in private credit while maintaining strong risk discipline.”
Legal advisers were Wigwe & Partners and Hannaford Turner for TLG, while Falcon Aero’s transaction team was led by Wura Adetiba, Kayode Adebiyi, and Seun Olajide.
