• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Aviation

Nigerian airlines sign MOU with Boeing to strengthen aircraft acquisition and safety practices 

Caleb Obiowo by Caleb Obiowo
August 29, 2024
in Aviation, Sectors
Nigerian airlines sign MOU with Boeing to strengthen aircraft acquisition and safety practices 
Share on FacebookShare on TwitterShare on Linkedin

Major Nigerian airlines, under the Airline Operators of Nigeria, have signed a Memorandum of Understanding (MoU) with Boeing to enhance aircraft acquisition, safety practices, and other key aspects of the aviation industry. 

The delegation, led by the Minister of Aviation and Aerospace Development, Festus Keyamo, finalized the agreement on Wednesday in Seattle, Washington. 

This development was announced via a statement on the official X (formerly Twitter) account on of the Aviation Minister on Thursday.  

RelatedStories

New Nigeria-UAE BASA unlocks full UAE Airport access for Nigerian airlines – Festus Keyamo 

Nigeria eases aircraft leasing with new insurance rules to lower airfares 

May 12, 2025
FG launches flight operations at Bola Tinubu International Airport in Minna 

FG launches flight operations at Bola Tinubu International Airport in Minna 

April 23, 2025

This signing followed an invitation from Boeing, which sought to strengthen its partnership with Nigerian airline operators. 

According to the Minister’s statement, the MOU not only focuses on improving aircraft acquisition but also includes provisions for technical support, operational efficiency, leadership training, safety collaboration, and consultations to expand airport capabilities in Nigeria. 

“Yesterday, in Seattle, State of Washington in the USA, I led a delegation of the Executives of major airlines in Nigeria under the auspices of Airline Operators of Nigeria and other important stakeholders in the civil aviation ecosystem in Nigeria to sign an important Memorandum of Understanding with THE BOEING Company, one of the major aircraft manufacturers in the world,” the statement read in part. 

Key Provisions of the MoU 

The Memorandum of Understanding (MoU) covers nine critical aspects of the aviation sector, as outlined by the Aviation Minister. This comprehensive agreement is designed to address key areas that will significantly enhance the efficiency, safety, and growth of Nigeria’s aviation industry.  

Below is an overview of what the MoU entails: 

  • Aircraft Acquisition Support: Boeing will use its network of financiers and lessors to help Nigerian airlines acquire newer generation aircraft, modernizing their fleets.
  • Technical Support: Enhanced technical support will be provided for integrating new or used Boeing aircraft into existing operations, ensuring smooth transitions.
  • Operational and Business Training: Boeing will offer training to improve airline operations and business models, boosting efficiency and profitability.
  • Access to Technical Data: Nigerian airlines will gain access to Boeing’s maintenance documents, engineering drawings, and other critical data to streamline maintenance practices.
  • On-Site Technical Support: Boeing will establish Field Services Representation in Nigeria or nearby, providing immediate technical assistance to airlines.
  • Leadership Development: Boeing will provide leadership training to help Nigerian airlines strengthen their executive teams and leadership pipelines.
  • Safety and Efficiency Collaboration: Boeing will work with airlines to enhance safety and operational efficiency in in-flight operations, maintenance, and engineering.
  • Safety Oversight: Boeing will collaborate with NCAA, NSIB, and ICAO to strengthen safety oversight and regulatory compliance in the region.

What you should know 

In recent months, Aviation Minister Festus Keyamo has been laying the foundation to enable Nigerian domestic airlines to obtain aircraft under more favourable terms, mirroring practices seen in other regions globally.  

Central to his efforts is the pursuit of dry lease agreements that would allow Nigerian carriers to procure planes from international lessors and manufacturers.  

Earlier in his tenure, Keyamo identified two major challenges: the requirement for insurance to be sourced from international markets before aircraft can be brought into Nigeria on dry-lease terms, and the conditions set forth by the Aviation Working Group—co-chaired by Airbus and Boeing—mandating that Nigeria must amend its legal framework to prevent courts from hindering lessors’ ability to repossess aircraft.  

The Working Group highlighted that the practice of airlines using court orders to block lessors from reclaiming aircraft from defaulting airlines violates the Cape Town Convention, which Nigeria has both signed and ratified.  

Addressing these issues is essential to removing Nigeria from the blacklist and ensuring that domestic airlines can fully engage in the global aircraft leasing market. 

Furthermore, another key initiative being championed by the Nigerian Aviation Minister to advance the nation’s aviation sector is the establishment of Maintenance, Repair, and Overhaul (MRO) facilities for wide-bodied aircraft within Nigeria.


Follow us for Breaking News and Market Intelligence.
Tags: BoeingFestus Keyamo
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo has a degree in Urban and Regional Planning from the University of Uyo. With over three years of experience writing about a range of topics, Caleb is dedicated to educating his audience through useful content. He is currently an analyst at Nairametrics focused on exploring the Nigerian transportion, construction, and real estate sectors, among others.

Related Posts

New Nigeria-UAE BASA unlocks full UAE Airport access for Nigerian airlines – Festus Keyamo 
Aviation

Nigeria eases aircraft leasing with new insurance rules to lower airfares 

May 12, 2025
FG launches flight operations at Bola Tinubu International Airport in Minna 
Aviation

FG launches flight operations at Bola Tinubu International Airport in Minna 

April 23, 2025
Nigeria signs Bilateral Air Services Agreement with Trinidad and Tobago after 20-year delay 
Aviation

Nigeria signs Bilateral Air Services Agreement with Trinidad and Tobago after 20-year delay 

April 15, 2025
New Nigeria-UAE BASA unlocks full UAE Airport access for Nigerian airlines – Festus Keyamo 
Aviation

FG to enhance aviation safety in Nigeria through reforms, technology – Keyamo 

February 16, 2025
Nigeria, UAE amend BASA to expand codeshare agreements for airlines from both countries 
Aviation

Nigeria, UAE amend BASA to expand codeshare agreements for airlines from both countries 

February 12, 2025
New Nigeria-UAE BASA unlocks full UAE Airport access for Nigerian airlines – Festus Keyamo 
Aviation

FG seeks European firms’ expertise for Abuja second runway project 

January 31, 2025
Next Post
Bankers’ Committee completes restoration of National Theatre   

Bankers’ Committee completes restoration of National Theatre   

Leave a Reply Cancel reply

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

nlng
Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • UK considers new visa program to attract wealthy foreign Investors 
  • Lagos govt shuts Lekki restaurant over illegal waste dumping, arrests suspects 
  • MPC likely to hold MPR at 27.5%, but room remains for a modest hike 

Follow us on social media:

Recent News

US work permits, extension period for work permits, USCIS,

UK considers new visa program to attract wealthy foreign Investors 

May 17, 2025
Lagos govt mandates permits for amplified sound in nightclubs, worship centres 

Lagos govt shuts Lekki restaurant over illegal waste dumping, arrests suspects 

May 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 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
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics