For the past 30 years, there have been plans by the Nigerian government to establish a major aircraft maintenance facility, but the plans have remained elusive until last week when Air Peace, with government’s affirmation, made substantive commitment to establish one at Lagos airport. Generally, Airlines spend more money on fuel and aircraft maintenance, but […]
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 […]
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 […]
