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 […]
Nigerian airlines have identified their inability to acquire aircraft as one of the challenging factors eroding their success and profitability. Outright purchase of aircraft is difficult because of the huge funds involved and the banks are not willing to give them long-term loans at single digit interest. The federal government is yet to direct the […]
Nigeria’s aviation industry is being threatened by the fast depreciating operating equipment, occasioned by the challenges faced by Nigerian carriers in acquiring or leasing aircraft to replace old ones. It was learnt that Nigerian carriers are finding it difficult to bring their airplanes that went for maintenance back to the country, due to foreign exchange […]
The Chief Operating Officer and Accountable Manager of Dana Air, Obi Mbanuzuo has said that it is wrong for aircraft lessors and insurance companies to describe Nigeria as high risk environment and increase leasing costs and insurance premium for domestic carriers. Mbanuzuo told THISDAY in an exclusive interview that they use the term high risk […]
The Ministry of Aviation recently notified the industry that the federal government’s plan to establish aircraft leasing company is still in progress. The Minister of Aviation, Senator Hadi Sirika recently announced that the federal government has progressed in its plan to establish aircraft leasing company and make it easier for Nigerian carriers and others in […]
