Air Peace Airlines Limited, has said that despite losing over $38 million in the transaction with its lessor, Smartlynx Airlines, which recently withdrew four aircraft leased to it on allege breach of contract, it never had any intention of detaining any of the lessor’s aircraft. According to the contract Air Peace had with Smartlynx Airlines, the Nigerian airline was expected to operate the […]
As Nigeria gets set to receive its first dry lease aircraft after over 10 years of operating wet leasing, aviation experts have identified some of the benefits of migrating from wet leasing of aircraft to dry leasing. According to them, dry leasing operation will boost capacity, cut down on air fares, and also reduce capital […]
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 […]
Domestic airlines are facing unusual antagonism and disincentives beyond the regulatory frameworks and professionalism, a development that could undermine the sustenance of airline operations in Nigeria. Nigerian airlines are facing major challenges, among which is low capacity, as most of the airlines are negotiating to have more aircraft from lessors. At the cusp of […]
*Keyamo: FG Will Reciprocate Obstacles to Frustrate Nigerian Carriers on International Operation The Minister of Aviation and Aerospace Development, Festus Keyamo, has stressed that the federal government would do everything possible to help Nigerian carriers lease aircraft on long-term agreement at competitive rates like most other airlines in the world. The Minister also said […]
