PROJECT

Projects

Summary of Investment Information

Project Number

32061

Company Name

INTERNATIONAL AIRCRAFT SERVICES LIMITED

Date SPI Disclosed

Aug 23, 2012

Country

Cote D'Ivoire

Region

Africa

Projected Board Date

Sep 24, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Africa

Industry

Infrastructure

Previous Events

Approved : Mar 18, 2013
Signed : Apr 15, 2013
Invested : May 2, 2013

Sector

Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations)

Project Description

The proposed Project consists in providing financing to IAS for the acquisition of up to three secondhand Dauphin N3 helicopters (the “Project”) by International Aircraft Services (or “IAS” or the “Company”), to provide helicopter transport services to leading oil and gas exploration and production companies in Cote d’Ivoire and the Western African region. The Project will enable IAS to modernize its fleet with newer helicopters to meet its client needs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation