Fitch rates Delos Aircraft DAC's senior secured term loan BBB(EXP)
15th September 2023
Algeria’s National Investment Fund (FNI) has confirmed that Air Algérie will fund its latest order for eight 737-9 MAXs and seven A330-900s and two A350-100s to be delivered between 2025 and 2026. The state financial partner has signed a credit agreement with the airline, although no further details on the structure of the loan agreement were disclosed.
The FNI is a public financial institution responsible for helping to finance investment by granting loans to companies or by taking equity stakes in partnership with local companies or foreign investors.
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