Dry lease Archives - Aviation metric

Air Peace’s first dry-lease B737-700 aircraft arrives Nigeria

Posted on November 8, 2025 by Wole Shadare

Nigeria’s flag carrier airline, Air Peace, has achieved another major milestone with the arrival of a dry-leased Boeing 737-700 NG from AerCap, the world’s largest aircraft leasing company — marking Nigeria’s first dry lease in nearly a decade and reinforcing global confidence in the nation’s aviation sector. The arrival ceremony, held at the Zulu Terminal Complex, Murtala Muhammed Airport, Lagos, drew an impressive lineup of dignitaries, financial partners, and aviation stakeholders. Among them were the…

Adam: Nigerian carriers to save over N26B annually with aircraft dry-lease

Posted on October 14, 2025 by Wole Shadare

Senior Advisor for Aircraft Acquisition and Sales, Aviation Strategy, and Government Affairs, Superba, Nuhu Adam said Nigerian airline operators would be saving over N26 billion annually with aircraft dry lease that the carriers are potentially going to enjoy on a large scale as the Federal Government paved the way for the reprieve for the operators. Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, successfully secured access to the dry lease option for its airlines…

Nigeria to get first dry-lease aircraft October 6, 15 years after blacklist

Posted on September 17, 2025 by Wole Shadare

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the first aircraft under a dry lease agreement will arrive in Nigeria on October 6, 2025, more than 20 years after Nigeria was blacklisted from dry aircraft agreements. He stated that the reforms of the Federal Government on aviation, as they affect Nigerian airlines’ ability to get a cheaper source of aircraft financing through the dry-lease arrangement, are paying off. The Minister, who…

Reprieve as dry-lease option beckons for carriers

Posted on July 2, 2025July 2, 2025 by Wole Shadare

Prospecting in the African continent is difficult ostensibly operating with barely enough working capital. With the Federal Government’s softening of the ground again for dry-leases, WOLE SHADARE writes that it is imperative to take advantage of these lease arrangements to empower Nigerian airlines Reprieve Nigerian airlines face a huge reprieve from aircraft lessors as they are prepared to return to favourable aircraft lease arrangements with dry leases. The willing carriers are set to return to a cost-effective way…

Nigeria begins process to exit ‘risk status’ for aircraft dry-lease

Posted on February 19, 2024 by Wole Shadare

Local firms lack capacity for airplane insurance-Okonkwo Rising jet fuel, Forex scarcities hamper aviation-United Nigeria Airlines The Federal Government may have begun the process to remove Nigeria from the ‘country risk’ status that has made aircraft dry lease impossible for airline operators. As a result, the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has met with the international lobby group to expunge the country from the black book which locked the country out…