Aircraft Leasing Archives - Aviation Media Africa | Online Magazine for Aviation,Travel,Tourism.

Afrexim Bank Commits to Multimillion Dollars Aircraft Financing for Nigerian Airlines

Aviation Media
January 19, 2025
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The African Export-Import Bank (Afrexim) has expressed commitment to financing aircraft acquisition for Nigerian airlines. Afrexim Bank which provides financing solutions and advisory services for the expansion, diversification, promotion and development of intra-and extra-African trade made the commitment during the sideline meeting with the Minister of Aviation and Aerospace Development, Festus Keyamo, at the on-going […]

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Security Fears at Airports Impact on Aircraft Insurance Premium, Cost of Leasing

Aviation Media
February 5, 2022
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Fears that aircraft parked at Nigerian airports could easily be accessed by unwanted persons through security breaches has impacted on cost of insurance and cost of aircraft leasing in the country, THISDAY investigation has revealed. Informed source told THISDAY that reported cases of insecurity at the airports lead to the increase in boosting the level […]

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Expert Identifies Challenges Of Aircraft Leasing In Nigeria

Aviation Media
February 6, 2021
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Industry operators have said that one of the major factors why they are finding it difficult to replenish their depleting operating aircraft is the difficulty they face in remitting money to lessors due to forex scarcity. The operators also said that the current exchange rate and the delay in financial institutions to remit the funds […]

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Tackling Challenge of Aircraft Leasing

Aviation Media
January 5, 2020
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The major challenge Nigerian airlines are facing today is their inability to lease aircraft from lessors. The lessors have refused to lend to Nigerian operators after series of failure of some airlines to abide by tenets of agreements signed when they leased the aircraft. What even enabled lessors to lease aircraft to Nigerian operators in […]

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Aircraft Acquisition: Finally, Lessors Blacklist Nigeria

Aviation Media
May 31, 2019
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Nigerian airlines will henceforth find it extremely difficult to acquire aircraft through leasing, except by outright purchase as THISDAY learnt that major aircraft leasing companies in the world have blacklisted the country. The blacklisting was as a result of the failure of some indigenous airlines to return aircraft to lessors after they defaulted on the […]