Wet-lease Archives - Aviation metric

Why Nigeria’s wet lease pact remains unprofitable-Sanusi

Posted on December 10, 2024 by Wole Shadare

..Lists reasons airlines struggle The Managing Director of Aero Contractors, Capt Ado Sanusi has given the reason why wet leased aircraft are only profitable for a very short period. In a media briefing in Lagos, the airline chief explained that the profitability of a wet lease is only determined by the stability of the local currency which is the Naira in Nigeria. He however stated that the closing of different tiers of exchange rates…

Nigeria identifies wet lease, others as obstacles to carriers’ growth

Posted on July 26, 2024 by Wole Shadare

NANTA seeks Minister’s intervention in travel trade market Trans-boarder ticket sales shrink domestic market by 40% For many years, Nigerian airlines have been faced with the challenge of getting aircraft on a dry-lease agreement which has put enormous strain on their operations as airplanes are only available to the operators on a wet-lease basis with huge attendant costs. Faced with the situation that has led to the shrinking of the country’s domestic aviation market…

How Nigeria’s risk rating exposes airlines to expensive wet-lease

Posted on April 23, 2024April 23, 2024 by Wole Shadare

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…

Ibom dumps wet-lease, to benefit from operating efficiency with 10 A220-300 aircraft

Posted on February 6, 2024 by Wole Shadare

As part of its long-term plan for its fleet programme, state-owned Ibom Air said it is putting an end to its wet-lease aircraft operation. This comes in the wake of the delivery of the company’s brand-new Airbus A220-300 aircraft, the first of 10) ordered from Airbus in October 2021. With the imminent entry into service of the A220, the ‘place holding’ work of the two wet-leased Airbus A320s now comes to an end. According to…

NCAA to curb frequent wet-lease aircraft incidents, lists fresh guidelines, violators risk suspension, others

Posted on November 28, 2023November 28, 2023 by Wole Shadare

Lists new operational guidelines to carriers The Nigerian Civil Aviation Authority (NCAA) has said that the preliminary assessment by the authority in the case of a mistaken flight to Asaba instead of Abuja by a United Nigeria Airlines flight had shown that occurrences such as the one that happened on Sunday relate to lack of familiarity with the operational environment by the wet-leased aircraft flight crew. The Director-General of NCAA, Capt. Musa Nuhu in…