The Digest:
Nigeria has received its first dry-leased aircraft in over ten years, a Boeing 737-700 from global leasing giant AerCap Holdings. Air Peace is the first Nigerian carrier to benefit from the arrangement, marking a key milestone in the government’s aviation reform agenda.
Key Points:
- First dry-lease aircraft received since the signing of the Cape Town Convention
- Air Peace is the initial beneficiary, with more airlines set to follow
- Part of President Tinubu’s aviation liberalization and reform agenda
- Nigeria’s global aviation score rose from 49% to 75% after key reforms
- Expected to reduce insurance costs and lower airfares for passengers
- Minister Keyamo described it as a “new era of confidence” for the sector
- AerCap is the world’s largest aircraft leasing company
Sources: The Cable
