But according to an AfDB document seen by Reuters, it includes a $60 million sovereign loan from the bank to the Ivorian state, which owns a 65 percent stake in the airline. The bank would also provide $55 million in non-sovereign loans and a $20 million partial risk guarantee. Specialist bank Investec will contribute $30 million, with other commercial banks providing loans totaling $81.5 million. In addition to the Ivorian state, the airline's other shareholders are Air France with a 20 percent stake and private Ivorian investor Goldenrod, which holds 15 percent. The bank has lent to airlines before, most recently contributing nearly $93 million alongside Delta to finance Ethiopian Airlines' [ETHA.UL] investment plans.

Source: Ethiopian News October 03, 2017 13:52 UTC