Boeing to develop credit facility for Nigerian airlines to facilitate operating leases

Boeing to develop credit facility for Nigerian airlines to facilitate operating leases

To partner Banks in Nigeria, Africa Trade Investment insurance, Invites Minister, operators, others to Dublin for summit   Aircraft giant, Boeing said it has been working with several banks in Nigeria and Africa Trade Investment Development Insurance (ATIDI) to develop a Credit Enhancement product specifically for Nigeria to facilitate operating leases by providing an additional layer of security to global lessors who may have shown interest in the region. The American company is equally coordinating…

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‘Open Skies’ albatross for Nigerian carriers

‘Open Skies’ albatross for Nigerian carriers

  Despite a five-year head start, US carriers trump Nigerian carriers in the unrestricted capacity and frequency of service, writes, WOLE SHADARE Solidifying ‘Open Skies’ The US-Nigeria ‘Open Skies’, agreement which has been provisionally applied since 2000 entered into force on May 13, 2024. The agreement includes provisions that allow for unrestricted capacity and frequency of services, open route rights, a liberal charter regime, and open code-sharing opportunities between the two countries.   “This bilateral agreement establishes…

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ASKY mulls partnership with Nigerian airlines

ASKY mulls partnership with Nigerian airlines

Pan African airline, ASKY said it plans to partner with the local Nigerian operators to have commercial agreements to connect the traffic from all the geopolitical zones of Nigeria and feed ASKY either in Abuja or Lagos. The carrier hinted that doing so would help it to penetrate the vast network within the continent of Africa. The Chief Executive Officer of the airline, WoldeMariam Hailu while speaking on various issues about the carrier and aviation in…

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Nigerian airlines operate in difficult environment, says NCAA DG

Nigerian airlines operate in difficult environment, says NCAA DG

How to resolve SAATM challenges to achieve potential     The Director-General of Nigeria Civil Aviation Authority (NCAA), Capt Musa Nuhu said the country’s carriers are operating in a very difficult environment, adding that an airline cannot operate in isolation from the economy it is operating. To him, the Nigerian economy is in very difficult times. Nuhu, in an interview with Aviation Metric in Abuja, decried the cost of financing which put the cost at 25…

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