The Federal Executive Council, FEC, has approved the establishment of a Nigerian aircraft leasing company to ease the cost of acquiring aircraft for local operators.
‎The Minister of Aviation and Aerospace Development, Festus Keyamo announced the plan in Abuja during a meeting with representatives of Airline Operators of Nigeria.
‎Keyamo said the African Development Bank has committed a 7 billion dollars package to support its integrated African aviation programme, adding that he has been officially appointed as Ambassador for the programme in Africa by the Bank.
 
‎He noted that the move was designed to ensure the survival and stability of airline operators by reducing flight disruptions and airfares.
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Keyamo added that it is important to establish an aircraft leasing firm as Nigeria does not own a national airline and the government has to ensure that they support domestic airline operators to make them stable and make their businesses thrive.

 

 

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