Nigeria has recorded a big achievement in the aviation industry, as Aviation Working Group (AWG) has removed the country from the watchlist and increased its rating to 75.5 per cent. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, in Lagos yesterday during the commissioning of Juhi-2 aviation fuel depot at […]
The Federal Government has signed the Cape Town Convention (CTC) Practice Directions for the Nigerian airlines. This will expectedly bring down insurance premium and also prompt lessors to bring down payments in wet and dry leasing of aircraft by Nigerian airlines. Currently, Nigeria is designated as high risk country, which gave rise to the blacklist […]
Nigerian airlines may soon begin to lease aircraft without high insurance premium and rigid, outrageous leasing rates, as the federal government has stepped in to rebuild relationship between airlines and lessors. After series of default on leasing agreements by some Nigerian carriers, lessors have stopped giving out their aircraft to operators despite the fact that […]
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 […]
There is the need for the federal government to intervene to end the stigmatization of Nigeria as a high-risk country by aircraft leasing companies All over the world airlines depend on government policies to prosper or to stagnate. This is because air transport being a sensitive business that has to do with international movement is […]
