Nigeria’s Viva Jets Secures $10 Million to Boost Expansion

Nigeria’s Viva Jets, a subsidiary of Falcon Aerospace, has secured a USD 10 million financing facility to strengthen its operations and support future growth. The funding was arranged through a partnership between London-based investment firm TLG Capital and Nigeria’s Wema Bank, according to a joint statement from the companies.

Tejumade Salami, Chief Operating Officer of Falcon Aerospace, said the financing will enable the company to retire legacy debt, improve liquidity, and focus on expanding its regional charter services. The deal is also expected to lower interest expenses and streamline debt servicing, positioning Viva Jets for more sustainable growth.

Falcon Aerospace operates a diverse portfolio of aviation services, including private jet charters, aircraft maintenance, sales, and fractional ownership programs. Its brands include Viva Jets for private charters, CharterXE—a digital booking platform—and FlyPJX, which offers per-seat charter options. Viva Jets currently operates a small but versatile fleet that includes a Challenger 604 and a Hawker 900XP, according to ch-aviation data.

TLG Capital, known for its investments across Africa, said the deal aligns with its mission to expand credit access for small and mid-sized businesses on the continent. The firm aims to raise USD 200 million by the end of 2026 to support similar ventures in key growth sectors, including aviation.

The new capital injection marks a significant milestone for Viva Jets as it strengthens its financial position and accelerates plans to grow its footprint in West Africa’s private aviation market.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com