Nigerian Airlines Poised for Dry Lease Opportunities as Government Safeguards Lessors

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Dry lease options for Nigerian carriers
Boeing and Aercap

In a pivotal meeting, Minister of Aviation, Festus Keyamo, assures Boeing and Aercap of asset protection, signaling a positive shift for Nigerian carriers.

Overcoming Global Blocklist Challenges:

Airlines world over thrive on their partnership with Lessors through dry leasing and other forms of financing for their aircraft acquisitions.

However,  Nigerian airlines are not that fortunate because lessors worldwide have unofficially blocklisted Nigerians operators from such opportunities. They claim the country has not assisted in the recovery of aircraft from defaulting airlines in case of occurrences.

Despite global redlisting, Nigeria’s commitment to assist in asset recovery signals a shift for its airlines, aiming to compete globally.

Government Pledges Rigorous Asset Protection:

Keyamo gave  assurance when Boeing and Aercap, led by Air Peace, Chairman paid him a courtesy visit. He affirms government resolve to protect lessors’ assets, urging transparency for a secure aviation environment. 

Keyamo said lessors should inform government about the airline they are dealing with. This he affirmed will make it easy to carry out inquiry on its vital records.

Government’s Commitment to Global Competitiveness:

Minister Keyamo also underscores the government’s dedication to enhancing indigenous airlines’ global competitiveness. His decision to foster dry leases aligns with plans to enhance the airlines’ capacity.

Air Peace Chairman Lauds Government’s Lifeline Promise:

Air Peace Chairman Dr. Allen Onyema,, thanked the government for the commitment to help Nigerian carriers by agreeing in principle to give such guarantees to lessors worldwide.

He said, “By the Minister’s promise today, the government has indicated that it is not paying lip service to its plan to provide a lifeline  to Nigerian airlines.”

 

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