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 […]
Air Peace yesterday explained why it has suffered flight disruption in the past few days, disclosing that four of its aircraft were suddenly withdrawn by its lessor, in a breach of contract that was supposed to come to an end next year. The airline passengers experienced severe operational disruptions yesterday, resulting in flight delays and cancellations […]
The management of Air Peace has reacted to reports indicating that it was blacklisted by lessors on dry lease (long term leasing) along with other airlines, saying that it had never engaged in dry lease and it had never been blacklisted. In another related development, the shareholders of Arik Air also denied that the airline […]
Two major challenges have drastically affected airline operations in Nigeria. One is lack of large state-of-the-art aircraft Maintenance, Repair and Overhaul (MRO) facility and the other is the inability of Nigerian airlines to engage in dry leasing of aircraft. Over the years, the federal government has campaigned and made promises about how it would establish […]
