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The Digest:

The Federal Government has unveiled plans to establish a Nigerian Aircraft Leasing Company, a landmark initiative aimed at resolving the longstanding aircraft acquisition challenges faced by domestic carriers. Aviation Minister Festus Keyamo announced the move while unveiling Air Peace's newly acquired dry-lease aircraft in Lagos.

Key Points:
  • Plan advances a 15-year-old goal in Nigeria’s aviation roadmap
  • The government has secured global investors for the leasing company
  • The initiative will provide sovereign guarantees for aircraft acquisition
  • Airlines won’t need to negotiate individually for aircraft
  • Collaborative model with government and airlines pooling capital
  • Aims to strengthen local carriers and boost the aviation sector
  • Part of broader reforms under the Tinubu administration
As Nigeria moves to take control of its aviation destiny, this ambitious venture signals a strategic shift from dependency to self-reliance—a bold flight path charted through the storm of industry challenges.

Sources: The Cable