Inadequate aircraft to meet the needs of aviation industry, among other challenges, has been identified by industry stakeholders as a critical factor behind the inability of Nigerian carriers to grow and compete globally. Last week top officials of major finance institutions, aircraft operators and managers met to deliberate on key issues affecting air travel in […]
Last week’s delivery of Boeing B777 to Air Peace by AerCap on dry lease arrangement marked the beginning of a new era for Nigerian carriers to expand capacity and become competitive in the global aviation sector. The dry lease delivery was actualised after of a long struggle by the Minister of Aviation and Aerospace Development, […]
Nigeria’s biggest carrier, Air Peace, has recorded a major milestone with the arrival of a dry-leased Boeing 737-700 NG from AerCap, the world’s largest aircraft leasing company, marking Nigeria’s first dry lease in nearly a decade and reinforcing global confidence in the nation’s aviation sector. The arrival ceremony drew an impressive lineup of dignitaries, financial […]
Nigeria broke a jinx yesterday when Air Peace Airlines received a commercial aircraft on dry lease from world’s biggest leasing company, Aer Cap, after over 10 years lessors blacklisted Nigerian carriers for not keeping with the terms of leasing agreement in the past. The dry lease was facilitated by federal government’s guarantee, indicating that it […]
Stakeholders who are experts in aviation industry have explained how domestic airline operators could save so much money from dry leasing. According to them, if Nigerian carriers migrate from wet leasing of aircraft to dry leasing, it will save them about N26. 6 billion ($17,853,48000) annually. They are optimistic that domestic airlines will soon begin […]
