The Digest:
Nigerian carrier Air Peace has declared a $15 million loss after its Latvia-based lessor, SmartLynx Airlines, withdrew three wet-leased aircraft without prior notice. According to statements by the airline’s Chief Commercial Officer, the abrupt removal violated leasing agreements and disrupted scheduled flights, leaving passengers stranded.
Key Points:
- SmartLynx Airlines withdrew three aircraft wet-leased to Air Peace without notice.
- The airline described the action as a serious breach of contract and fraudulent.
- Air Peace claims that over $5 million was paid upfront, including security deposits.
- The disruption caused over $15 million in damages and operational setbacks.
- This is the second such incident after Syphax Airlines of Tunisia defaulted in the past.
- Some Air Peace aircraft are returning from maintenance to stabilize operations.
- The airline promises full restoration of services and reimbursement for affected passengers.
Sources: The Nation, Punch Newspapers
