Falcon Aerospace Strengthens Leadership with New Appointments
Falcon Aerospace Limited, a prominent player in Africa’s business aviation sector, has appointed Moshood Bode Abolade as an independent non-executive director on its board. This move comes as the company seeks to enhance its large-scale financing initiatives and broaden its international footprint in key markets.
Strategic Appointment Amid Expansion Efforts
The recruitment of Abolade is aimed at fortifying Falcon Aero’s strategic oversight and financial guidance as the company embarks on a new phase of capital raising and multi-regional growth. Falcon Aero serves as the parent company of the commercial airline VivaJets, which underscores its commitment to regional connectivity.
Expertise in Finance and Infrastructure
Abolade brings a wealth of experience in infrastructure finance and investment to the role. With a background that spans investment banking, energy, and core infrastructure, his expertise is expected to be crucial as Falcon Aero seeks opportunities for growth and enhanced financing solutions.
Vision for Growth and Connectivity
In accepting his new position, Abolade expressed his enthusiasm for joining Falcon Aerospace at a transformative time. He stated, “The company’s vision for regional connectivity and international scale is inspiring.” His goal is to leverage his extensive experience in investment banking to support the company’s strategic financing efforts and solidify its status as a leader in business aviation.
Leadership Insights from the CEO
CEO Erika Achum highlighted Abolade’s extensive experience in managing complex financial platforms and executing early-stage investments. She emphasized that his expertise will be invaluable as Falcon Aero embarks on an ambitious fundraising initiative aimed at supporting international expansion. Achum noted that his proven track record in high-stakes financial transactions will provide essential guidance as the company navigates the global capital markets.
Abolade’s Impressive Career Trajectory
Beginning his career in investment banking, Abolade transitioned into specialized infrastructure finance, accumulating significant experience in structured finance, project development, and long-term asset investment. His professional journey includes prominent roles at some of Africa’s leading financial and industrial institutions, such as Africa 50, BUA Group, and FBN Merchant Bank.
Aligning Expertise with Operational Goals
Chief Operating Officer Tejumade Salami noted that Abolade’s background in infrastructure finance is well-aligned with the organization’s overarching operational goals. “His insights into structured finance and operational performance will help us maintain a lean, bankable, and highly efficient business model as we expand our fleet and reach beyond the African continent,” Salami stated.
Funding Initiatives to Propel Global Growth
As Falcon Aero intensifies its focus on securing funding for global expansion, the company recently finalized a $10 million credit facility with UK-based TLG Capital, in collaboration with Wema Bank, for its flagship brand, VivaJets. This financing underscores the company’s commitment to scaling its operations and enhancing its position in the international business aviation landscape.
