Azerbaijan, UK complete first UKEF-supported transaction

Azerbaijan and the United Kingdom have successfully completed their first transaction under the UK Export Finance (UKEF) £5 billion loan guarantee program, the British Embassy in Baku announced.

As part of the deal, Silk Way West Airlines secured funding through UKEF’s Direct Lending facility to acquire a cutting-edge Boeing 777 Full-Flight Simulator, Caliber.Az reports via local media. 

The simulator, manufactured by UK-based L3Harris Commercial Aviation Solutions, is a next-generation training system that incorporates three Boeing 777 variants and offers a highly realistic experience for trainee pilots at the National Aviation Academy in Baku.

The transaction highlights growing economic cooperation between the two countries and supports the development of Azerbaijan’s aviation training infrastructure.

Azerbaijan’s strategic location enhances its role in global aviation and logistics. This transaction demonstrates the strong potential for further UK-Azerbaijan collaboration supported by UKEF.

By Sabina Mammadli