air peace Airlines

How Nigerian Airlines Lost 22 Aircraft to Overseas Maintenance Facilities Due to FX Scarcity

It has emerged that over 22 aircraft owned by Nigerian airlines cannot return to the country because they have allegedly accrued demurrage and charges that have gone beyond the capacity of the airlines to pay for them, except government intervenes. It was learnt that the airlines could not bring back their aircraft after maintenance because […]

Maintenance

Keyamo: Maintenance Facility Will Generate over $2bn, Reduce Capital Flight in Aviation Sector

The Minister of Aviation and Aerospace Development, Festus Keyamo has projected that Nigeria will generate over $2 billion annually if it is able to establish major Maintenance, Repair and Overhaul (MRO) facility. Doing so, he stated, will also save Nigerian airlines about the same amount of money that are repatriated annually to pay for aircraft […]

Airlines

How FX Fluctuation, Government Policies Encumber Airlines’ Aircraft Acquisition, Lifespan

It has emerged that factors such as foreign exchange fluctuations, age limited of aircraft set by the federal government and high interest rate are responsible for the short lifespan of Nigerian airlines and their inability to acquire new aircraft. Analysts believe this is why no Nigerian carrier has operated schedule service for up to 30 […]