• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

FG moves to curb leasing challenge faced by airlines 

Chidinma Nwagbara by Chidinma Nwagbara
September 18, 2019
in Business News, Politics
FG moves to curb leasing challenge faced by airlines 
Share on FacebookShare on TwitterShare on Linkedin

Over the years, Nigerian airlines have been unofficially blacklisted. As a result of this, they usually encounter difficulty in leasing aircraft from airlines across the world.  

This has made the Federal Government (FG) commence a diplomatic process to assist Nigerian airlines that are facing challenges due to this blacklisting. 

Nairametrics understands that the Ministry of Aviation has established diplomatic discussions with their counterparts in other countries in Europe and America with the aim of resolving the issue. 

MoreStories

South Korea to attract 300,000 foreign students, simplify permanent residency, others

South Korea relaxes visa rules for International Students at vocational Universities 

February 6, 2026
Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 

Tinubu launches National Halal Economy Strategy to tap $7.7trn global market 

February 6, 2026

[READ MORE: Dana Air increases fleet, acquires Boeing 737 aircraft]

What you should know: Under the principles of Cape Town Convention, which Nigeria is a signatory to, airlines are allowed to lease aircraft for use under some agreements but these carriers do not lease to Nigerian airlines as they are reportedly concerned about funding issues, infrastructure deficit and security challenges. 

Though Nigerian carriers need aircraft leasing to survive, according to the Chairman and Chief Executive Officer of Air Peace, Mr Allen Onyema, they often have no choice than to outrightly buy aircraft which puts a strain on them. 

This issue was said to have also affected insurance and cost of aircraft spare parts as suppliers had started to increase their cost because they considered Nigeria as a high-risk country. 

Meanwhile, it is pertinent to note that apart from the challenges of funding and infrastructure being the reasons for the blacklist, some domestic airlines breached leasing contracts too. When this happens, news goes round and operators having known of the defaulter will not lease aircraft to the airline again.  

The General Manager, Public Relations, Nigerian Civil Aviation Authority, Mr Sam Adurogboye, said the issue had been on the table for some time and was optimistic that it would be resolved. 

[READ ALSO: Pilots may ground British Airways in another new strike set to last 10 days]

This move by the Federal Government is long overdue as Onyema had previously advocated for the need for government to support airlines in combating international aero politics and image laundering in order to get Nigerian airlines off the unofficial blacklist. 


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Allen OnyemaCape Town ConventionFederal GovernmentMinistry of AviationNigerian airlinesNigerian Civil Aviation AuthoritySam Adurogboye
Chidinma Nwagbara

Chidinma Nwagbara

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

Next Post
Here's How To Determine Your Net Worth

Here's How To Determine Your Net Worth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

access bank
nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics