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How Nigeria’s risk rating exposes airlines to expensive wet-lease
Nigeria is the largest market in Africa. The potential is there. The market is large. The country seems to be getting its act together as it tries to exit aircraft lessors’ ‘blacklist,’ writes WOLE SHADARE High risk The consensus is that aircraft lessors and financiers are still reluctant to lease or finance aircraft to African operators, which are considered high risk relative to other placement opportunities. The reason is that prospecting in the African continent…
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