London-based TLG Capital (TLG) has closed a $10 million facility for VivaJets, a subsidiary of Nigerian aviation services platform Falcon Aerospace Limited (Falcon Aero).
The financing, structured alongside Wema Bank, will retire a legacy local‑currency facility used 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 is coming at a time of rapid expansion for the business aviation firm with a growing fleet and international collaborations, whilst 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, CEO of Falcon Aero, 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.
Isha Doshi, Partner, TLG Capital, said: “Africa’s growth story depends on connectivity. Falcon Aero is linking 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.”
Tejumade Salami, Chief Operating Officer of Falcon Aero, 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, the ability to access long-tenor, USD-denominated capital is critical.
“With this facility, we have retired legacy obligations and can now focus fully 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 that is spent on interest and debt service.”
Falcon Aero is a business aviation platform headquartered in Nigeria, established in 2022 to meet the rising demand for charter services across Africa and beyond. Operating under a Nigerian Air Operator Certificate, the company has logged over 2,000 flight hours to date.
Through its Nigerian and Canadian subsidiaries, Falcon Aero provides aircraft charter, acquisitions, and management solutions for African businesses, executives, and high-net-worth individuals. Falcon Aero currently operates a fleet of aircraft, with two additional aircraft scheduled to join this year.
