London-based TLG Capital has closed a US$10 million facility for VivaJets, a subsidiary of Nigerian aviation services platform Falcon Aerospace Limited (Falcon Aero).
The financing was structured alongside Wema Bank and will retire a legacy local‑currency facility for aircraft acquisition and fleet growth.
Both TLG and VivaJets believe this to be the first internationally structured aviation financing for a Nigerian Air Operator, and funding will be applied to boost intra-African connectivity.
This injection of funds comes at a time of rapid expansion for the business aviation firm, which has a growing fleet and international collaborations while positioning itself as a critical mobility and logistics partner to the oil and gas industry in Africa.
Speaking to journalists on the sidelines of the African Energy Week in Cape Town, South Africa, Falcon Aero CEO Erika Achum disclosed that the fresh funding will be used to expand VivaJets’ fleet and strengthen its operational presence across Africa.
“We’re growing from three to four aircraft now, and by the third quarter of 2026, we expect to have significantly increased our fleet. This will allow us to serve more routes and clients across the continent,” Achum said.
According to the aviation tycoon, the company is reshaping how air logistics supports oil and gas operations, ensuring essential movement of people, equipment and products in a sector where time delays often translate into enormous financial losses.
A partner at TLG Capital, Isha Doshi, said: “Africa’s growth story depends on connectivity. Falcon Aero links cities that global capital often overlooks, including tier-2 and tier-3 hubs where trade and opportunity are rising fastest. Aviation operators need long-duration capital at sensible rates. With our partners at Wema Bank and Falcon Aero, we are pleased to deliver a long-term financing solution that helps support highly skilled engineers, pilots, and workers in Nigeria’s aviation sector”
Falcon Aero’s chief operating officer, Tejumade Salami, said, “We spoke to many lenders; TLG solved it. Their structured-solutions mindset turned a complex funding puzzle into a single, bankable facility. In our industry, accessing long-term, USD-denominated capital is critical. With this facility, we have retired legacy obligations and can now focus entirely on curating a seamless experience for our clients across the region.
Our facility with TLG substantially reduces the amount of our revenue and cash flow spent on interest and debt service.”
