FG makes big move, to make getting aircraft easier for local carriers

FG makes big move, to make getting aircraft easier for local carriers

- Plans are underway by the Nigerian government to ease the process of obtaining aircraft for domestic operators

- The government said its aircraft leasing company will help local and African carriers in overcoming challenges in the industry

- The federal government also added it would work with international lessors to get aircraft for local carriers and also make partnership easier

The Nigerian government on Monday, April 8, said it is planning to set up an aircraft leasing company to make obtaining new planes and getting partnership easier for domestic and African carriers.

According to Reuters, most airlines in Nigerian cannot expand their fleets because of the challenges of high financing and currency risk as revenues of local airlines are in the national currency, while costs is in US dollars.

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The federal government, in a statement, said that it plans to solve this common challenge by sub-leasing aircraft from international lessors to domestic operators.

The government also added that it is working on making the whole project a makeup of international aircraft lessors, financial institutions and investors, while adding that bidders for the project have until Saturday, May 20 to indicate interest.

Recall that Legit.ng earlier reported that Air Peace, Nigerian famous airliner and biggest in West Africa, got the delivery of its third Boeing 777 airplane on Wednesday, March 20.

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The airplane touched down at exactly 3:20 pm at the Muritala Muhammed International Airport in Lagos, 13 months after it took delivery of its first Boeing 777 on Saturday, February 23.

It was reported that the airline was received with a water salute by officials of the Fire Service Department of the Federal Airports of Authority of Nigeria as staff of the airliner rejoiced.

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Source: Legit.ng

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