Hogan Lovells advises African Export-Import Bank on Kenya Airways aircraft financing

Hogan Lovells has advised African Export-Import Bank (Afrexim) as mandated lead arranger and lender in relation to the pre-delivery and delivery financing for Kenya Airways of 10 Embraer E-190 aircraft and the pre-delivery of nine Boeing 787 aircraft and one Boeing 777 aircraft.

Hogan Lovells has advised African Export-Import Bank (Afrexim) as mandated lead arranger and lender in relation to the pre-delivery and delivery financing for Kenya Airways of 10 Embraer E-190 aircraft and the pre-delivery of nine Boeing 787 aircraft and one Boeing 777 aircraft.

The pre-delivery and delivery financing for the Embraer aircraft was signed on 28 August 2012 and sees Kenya Airways taking delivery of the Embraer aircraft at regular intervals through to November 2012. The mandate for the ultimate delivery financing of the 10 Boeing aircraft brings the total deal value to approximately $2bn.

The Hogan Lovells team advising Afrexim was led by London finance partner Robin Hallam, supported by of counsel Shelini Bhuchar.

Hogan Lovells has previously advised Afrexim on a number of other transactions.