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 […]
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 […]
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 […]
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 […]
As the number of operational aircraft continue to diminish, while domestic carriers are finding it difficult to acquire more planes, industry experts fear that paucity of commercial aircraft may hamper air travel in Nigeria. Nigerian airlines face two major challenges: delayed maintenance of their aircraft and the inability to acquire new fleet. The impact of […]
