The Digest:
Four months after the Nigerian government listed a Boeing 737 Business Jet from the Presidential Air Fleet for sale, the aircraft remains unsold, raising questions about market interest and the ongoing burden on public funds. The jet, managed by the international firm JetHQ, is still listed as "available," with the marketing company declining to provide further details, citing proprietary information.
Key Points:
- A Presidential Boeing 737-700 Business Jet remains unsold after four months on the market.
- The jet is listed with international sales platform JetHQ, which confirmed it is still available.
- The marketing firm declined to provide further details, calling it "proprietary information."
- The aircraft was originally purchased in 2005 for $43 million.
- It underwent partial refurbishment in July 2024, including new carpets and seat repairs.
- A pre-owned model has an estimated market value of $56 million.
- The operational cost is about $11,561 per flight hour, with annual costs exceeding $5.2 million.
Sources: Punch Newspapers
