File: Minister for Aviation and Aerospace Development, Festus Keyamo.
The Federal Government has moved to address the long-standing aircraft acquisition challenges facing Nigerian airlines with plans to partner the African Development Bank on a new national aircraft leasing initiative.
Minister of Aviation and Aerospace Development, Festus Keyamo, unveiled the Nigeria Aircraft Leasing Company during a stakeholders’ meeting in Abuja on Tuesday, where he described the initiative as a major breakthrough for indigenous carriers struggling with access to aircraft and financing.
In the statement through which the development was made known, Keyamo said the Federal Government remained committed to supporting local airlines through practical reforms rather than political promises.
“We are not just making mouths; we have been doing our best for the past three years. We are aware that there are so many Air Operator Certificate holders finding it difficult to take off,” the minister stated.
