Stakeholders who are experts in aviation industry have explained how domestic airline operators could save so much money from dry leasing. According to them, if Nigerian carriers migrate from wet leasing of aircraft to dry leasing, it will save them about N26. 6 billion ($17,853,48000) annually. They are optimistic that domestic airlines will soon begin […]
Nigeria will continue to experience high cost of flight ticket for a long time due to inadequate supply of aircraft, coupled with increasing growth of air travellers, the Managing Director and CEO of Aero Contractors, Captain Ado Sanusi has said. In an exclusive interview with THISDAY, Sanusi said shrinking fleet among Nigerian operators was a […]
The Managing Director/CEO of Aero Contractors Limited, Captain Ado Sanusi, has exposed the benefits and challenges of dry leasing of aircraft, a long-term lease of aircraft whereby the airline (the lessee) takes charge of the maintenance, insurance, crew management and operation of the aircraft. But the alternative, which is wet lease, the lessor is […]
Akwa Ibom State-owned airline, Ibom Air, has posted an impressive financial performance for the 2024 financial year, reinforcing its track record as the nation’s most preferred carrier and a well-run government business. The performance shows that gross revenue was N96 billion, up by 43 per cent from N67 billion in 2023, while profit before tax […]
•Secures approval from UK authorities for direct Abuja-London Heathrow flight Nigeria’s major carrier Air Peace has taken a radical step to significantly curb flight delays and cancellations in its operations and has placed three aircraft on standby to be deployed whenever any aircraft on duty is interrupted by bird strike, technical problem or other issues […]
