OxfordSaudia Flight Academy Sign Financing Agreement with AirFinance, OeKB

OxfordSaudia Flight Academy has signed a financing agreement with AirFinance and OeKB for i transformational expansion to keep up with the exponential growth of demand for education and training of the aviation workforce in the KSA, with the help of its exclusive financial advisor, Alrajhi Financial Solutions.
“This agreement will contribute substantially to the Kingdom’s aviation training industry. OxfordSaudia’s fleet expansion will enable it to achieve its vision of being the leading destination for ab-initio flight training in the middle east and the world. I believe these agreements represent the success journey of OxfordSaudia in the past few years and we are proud to see both local and international banks believe in our journey.” Stated Captain Larry Wade, the CEO of OxfordSaudia Flight Academy.
“We believe in the capabilities of Oxford SAUDIA and happy to support their journey and look forward to continue to work with Oxford Saudia as their future needs grow” Stated the spokesman of Airfinance.

About OxfordSaudia Flight Academy
OxfordSaudia Flight Academy has established its center in King Fahad International Airport in Saudi Arabia to help address the significant regional shortage in aviation training. The center recognizes the skills of individuals in the region and the need to have a regionally based professional career path for qualifying students. The academy has one of its kind training with guaranteed employment opportunity as flight instructors after graduation. The academy is equipped with a brand new fleet of 60 DA40 and DA42 aircraft and with 4 FTD Diamond Simulators to ensure training is as per the latest technologies and training methodologies.
About AirFinance Leasing LLC: AirFinance Leasing is a global company focused on the financing of exports of general aviation aircraft. AirFinance is led by a team of structured-finance professionals with extensive industry experience, including aircraft finance, leasing, credit analysis, structuring of cross-border transactions, legal and domicile expertise, and technical knowledge of all aspects of aerospace asset management.
About OeKB Group has been strengthening Austria’s economy with many services for small, medium-sized, and large companies as well as the Republic of Austria since 1946, giving it a special position as a central financial services provider. this allows Austria’s companies to grow and secures jobs at home. Authorized by the Republic of Austria, OeKB issues export guarantees to cover financing opportunities abroad. Its insurance subsidiaries cover short-term marketable export credit risks. Through commercial banks, as partners of OeKB’s Export Services, small, medium-sized, and large companies receive attractive financial solutions to help them grow – whether for export transactions, equity-capital financing abroad, or investments at home.