On 21 November 2011, Air Tanzania began negotiations with Export Development Canada (EDC) to explore how EDC could assist the airline to acquire more aircraft from Bombardier, a Canadian airplane manufacturer.
Sberbank has also cooperated with OeKB, ECGD, Euler Hermes, SACE, CESCE, EDC (Canada), Atradius (Netherlands), KUKE (Poland), COFACE (France), Finnvera (Finland), EGAP (Czech), EKN (Sweden), ERG (Switzerland), NEXI (Japan) and Japan Bank for International Cooperation.
Under the provisions of the MoU, the funds for the renovation were to be arranged by SNC Lavalin from the Export Development Canada (EDC), Canada, and the Canadian International Development Agency (CIDA).
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Bayerische Hypo und Vereinsbank and Société Générale provided $250 million, and $150 million was provided by an international consortium made up of Caterpillar, Export Development Canada, International Finance Corporation, and others.