The CEO of Financial Derivatives Company, Bismarck Rewane, has said the federal government spends outrageous amounts of money to run Nigeria’s airports which processes less than 15 million passengers per annum and advocated concession of the airports to the private sector under the PPP arrangement. This is just as the Chairman and CEO of Air […]
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 […]
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 […]
