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 […]
It has emerged that the inability of Nigerian owned airlines to maintain their aircraft is worsening the prohibitive fares and low capacity As at the last count, over 50 per cent of aircraft owned by Nigerian airlines are either parked at airports or at maintenance facilities in Nigeria or overseas, a development that has led […]
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 […]
Industry experts conversant with the operations of the presidential jet, Boeing Business Jet (BBJ), which is Nigeria’s Air Force 1, acquired by President Olusegun Obasanjo, 22 years ago, are of the view that the federal government should change the aircraft because of the high cost of maintenance. Obviously, as aircraft gets older, it costs more […]
With the fast depleting of aviation equipment, coupled with the scarcity of foreign exchange, Nigerian airlines may spend over $3 billion to conduct checks on their aircraft overseas in 2024, THISDAY has learnt. As at last week, the number of operating aircraft was reduced to about 43 because some of the existing aircraft that were […]
