December 18, 2023
Jetcraft Commercial announces new credit facility as it continues global growth
Jetcraft Commercial, the commercial division of the global aircraft trading firm Jetcraft®, has closed a credit facility to support the company’s strategic growth strategy as it works with airlines across the globe to optimize their fleets.
Provided by Pan-African banking firm Absa Group Limited, the new credit facility will ensure Jetcraft Commercial builds upon its strong track record in facilitating multi-layered, complex transactions with airlines worldwide.
Marc Meloche, Managing Director, Aviation Finance, Jetcraft Commercial, says: “The trust placed in the capabilities of Jetcraft Commercial by our customers has seen our deal volume increase by more than 70% in the past year.
“Establishing new lines of credit gives us additional opportunities to support our customers in their aircraft purchases and build on our recent successes. Absa’s commitment proves Jetcraft Commercial’s standing as a business, giving airlines total confidence in our ability to deliver and meet their needs.”
Morne Visagie, Senior Investment Banker at Absa Corporate and Investment Banking, says: “Jetcraft Commercial has an excellent track record of closing deals between multiple parties and we’re proud to support the business in reaching its next phase of growth, ensuring it has the financing solutions to seize opportunities quickly and expand into new and developing markets.”
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