Tag: aviation finance
Air Peace Pursues Legal Action Over Smartlynx $38m Fraud
Smartlynx Airlines is at the centre of a major dispute after Air Peace accused the company of breaching the terms of a damp lease...
Spending $3M on Aircraft Maintenance Overseas an Unsustainable Scam
Nigerian airlines face severe financial strain from overseas aircraft maintenance, George Uriesi, Acting CEO of Ibom Air, told delegates at the 2025 FAAN National...
AerCap Hails Air Peace as NCAA, Irish Partners Seal 83-Bis Agreement...
AerCap praises Air Peace after NCAA and Irish authorities facilitate 83-Bis Agreement, marking Nigeria’s first dry lease in over a decade.
AerCap, the world’s largest...
Fidelity Bank, Keyamo Hail Air Peace Dry Lease Feat
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, has praised Fidelity Bank for recognising and supporting the financial discipline of Air Peace,...
NCAA 2026 Zero Debt Policy Targets Financial Regulatory Obligations
The Nigeria Civil Aviation Authority (NCAA) has announced a bold Zero Debt Strategy beginning January 2026 to enforce financial regulatory obligations and address the...
ICAN Aviation Pushes Technologies to Boost Revenue
The Institute of Chartered Accountants of Nigeria (ICAN) Aviation Chapter has called for smart technologies to drive sustainable revenue growth in aviation.
At its monthly...
Nigeria Adopts 20:70 Aviation Insurance Model to Ensure Risk-Sharing
Nigeria has adopted a proportional insurance framework designed to ensure risk-sharing between the aviation and insurance sectors, aligning with global best practices.
A new addendum...
Fixing Dry-Lease Aircraft Acquisition Challenges in Nigeria
Domestic insurers do not have the financial muscle to cover multi-million-dollar dry lease risks. International lessors often insist on offshore coverage, creating tension with...
Union Bank Sold Guarantee as Loan, Ex-AMCON Director
“It was in that London meeting that we first knew what Union Bank sold to us was not a loan, but a guarantee. The...
NCAA DG Inaugurates SAF Technical Groups in Lagos
The official inauguration of six Technical Working Groups was the major highlight of the regional workshop on Sustainable Aviation Fuels (SAF). Director General Nigeria...
