Alex Enumah in Abuja As part of efforts at enhancing adjudication in aircraft financing cases, the Federal Ministry of Aviation and Aerospace Development, in collaboration with the Federal High Court, organised a Moot Court Competition on the Cape Town Convention. The CTC Moot Court, which was created under the auspices of the Cape Town Convention Academic […]
Aviation expert have identified factors responsible for the unwillingness of banks and other financial institutions to advance credit facility to airlines in Nigeria. In their reaction to a conference held on the subject in Lagos, they stressed the need for urgent reforms to transform the industry. Speaking, former Rector of Nigerian College of Aviation Technology (NCAT), […]
Aviation experts have identified fluctuating value of the naira as one of the factors that discourage international financiers and other credit institutions from funding aircraft acquisition for Nigerian airlines. They have also identified the failure of Nigerian airlines to allow lessors repossess their aircraft at the breach of leasing contract or purchasing agreement as a […]
