IFC currently holds a committed portfolio of over half a billion in investments in transportation services projects (airlines, shipping, and railways). We can consider greenfield projects, corporate loans, acquisition finance, refinancings, and a variety of contractual structures, including concessions, BOTs, and public-private partnerships.
Siberia Airlines - Russia
IFC provided a $25 million long-term loan to Siberia Airlines, the second largest airline in Russia. The investment is being used to refinance existing short and medium-term loans assumed earlier to finance acquisition and refurbishment of the aircraft, to increase working capital, and to expand its route network.
Kenya Airways - Kenya
IFC provided a loan of $15 million to partially finance the pre-delivery payments (PDP) of three Boeing B777-200ER aircraft acquired as part of the airline’s fleet modernization program.
Jet Airways - India
IFC provided $15 million in convertible preference shares to partially finance the expansion program of Jet Airways, the largest domestic airline in India.
LanChile - Chile
IFC provided a $30 million standby revolving credit facility to LanChile, a leading passenger and cargo airline in South America.
Volga-Dnepr Airlines - Russia
IFC provided a loan of $16.9 million and also syndicated a loan of $13 million to finance the Antonov 124-100 fleet expansion of Russian ZAO Volga-Dnepr Airlines, a major Russian cargo airline and an international leader in heavy and outsize air cargo market.
