Comair to add four new aircraft to Kulula fleet
JSE-listed aviation company Comair has secured financing to acquire another four Boeing 737-800 aircraft for its low-cost kulula.com airline, Investec Aviation Finance announced recenlty.
Investec Corporate & Institutional Banking’s aviation finance division would, once again, act as financier, lead arranger and adviser for the acquisition.
This followed the 2010 predelivery payments and term facility transaction for buying an initial four Boeings as kulula.com embarked on a fleet upgrade.
Comair, which also operated the British Airways airline service in Southern Africa, previously attributed a boost in interim profit and revenue partly to the efficiency of the newly acquired aircraft, which kulula.com took delivery of last year.
The 189-seat 737-800s offered fuel efficiency and increased revenue per flight.
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