AJ Walters has emerged as preferred bidder for the establishment of aviation leasing company and Maintenance, Repair and Overhaul (MRO) centre in Nigeria.
The announcement was made by the Federal Ministry of Aviation, which explained that the Consortium of A J Walters Leasing Limited and Glovesly Pro-Project Limited emerged as the preferred bidders to establish the Aviation Leasing Company; while the Consortium of A J Walters Aviation Limited, EgyptAir Maintenance & Engineering (EGME) and Glovesly Pro-Project Limited emerged as the preferred bidder to establish the Maintenance, Repair and Overhaul Centre.
The Ministry also explained that A J Walters Leasing (AJW Leasing) is the leasing subsidiary of A J Walter Group, adding that the company optimises airline fleet strategies by leasing aircraft engines and spare parts.
“This flexible approach is particularly beneficial for small to medium sized airlines seeking to maintain competitive advantage, manage cash and strictly control operational costs for maximum profitability. AJ Walters Leasing manages a substantial portfolio of leases and has a customer base of 22 airlines in more than 20 countries. Glovesly Pro-Project Limited is an indigenous and integrated company incorporated under the laws of the Federal Republic of Nigeria.
“The company has the capacity and the capability to contribute to the challenging and growing requirements in the aviation industry, communication, power sector, building construction, civil engineering, Road Construction and General procurement.
The ALC will be structured as a Joint Venture (JV) between the federal government and the private investor. The business model would be, in the short term, to lease aircraft from international lessors and subsequently sub-lease to African airlines while long-term plan is to acquire, own and lease aircraft directly to African airlines,” the Ministry said.
The statement further stated that AJ Walter Aviation Ltd provides supply, exchange, repair, and lease of commercial aircraft spare parts. Founded in 1961, the Company offers total repair process management; logistics, transport, engineering, and aircraft project management services to clients worldwide.
“EgyptAir Maintenance & Engineering (EGME) is a Leading MRO in the Middle East and Africa offering Maintenance, Repair and Overhaul (MRO) services to commercial aircraft, engines and components, with a customer base of over 81 airlines.
“Glovesly Pro-Project Limited is an indigenous and integrated company incorporated under the laws of the Federal Republic of Nigeria. The company has the capacity and the capability to contribute to the challenging and growing requirements in the aviation industry, communication, power sector, building construction, civil engineering, road construction and general procurement.
The Maintenance, Repair and Overhaul (MRO) facility which will be sited at the Nnamdi Azikiwe International Airport, Abuja, will also run through Public Private Partnership (PPP) using the Build, Operate and Transfer (BoT) model and will have the capacity to service both Narrow Body (Jet and Turboprop) and Wide Body aircraft,” the Ministry disclosed.
