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Buddha Air signs $6.9m ATR-72 loan agreement with IFC

Buddha Air signs $6.9m ATR-72 loan agreement with IFC

Leading domestic airliner Buddha Air on Tuesday signed a $6.9 million loan agreement with the International Finance Corporation (IFC) of the World Bank Group to purchase a 72-seater ATR72-500 pressurised turboprop aircraft. The payback period of the loan is eight years. “The new aircraft will be delivered by the end of September 2012 to…
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