Imperial,Sanlam form aviation finance firm

Newswire

JOHANNESBURG, June 26 (Reuters) - South Africa's Imperial Holdings said on Wednesday it had teamed up with financial services group Sanlam to form an aviation financing company with a funding capacity of at least 5.0 billion rand ($482.2 million). It said in a statement that the company had already signed a $50 million agreement with KLM Royal Dutch Airlines to finance existing aircraft. This is in addition to the 80 million euro contract that Imperial signed with DHL International ...

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