Minister of Aviation and Aerospace Development, reveals the Nigerian government’s commitment to supporting airlines in the country.
The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed the Nigerian government’s commitment to supporting airlines in the country in securing long-term aircraft leases at competitive rates, in line with global industry standards.
The Minister emphasized that the government is dedicated to assisting domestic airlines in their international endeavors and will respond to any challenges that hinder their operations on any route.
The Minister revealed this information in an interview he participated in at the inaugural event for the Air Peace Lagos-London flight over the weekend.
He mentioned that enabling Nigerian airlines to easily access long-term leasing and reducing the cost of aircraft insurance were critical performance measures for his Ministry. These KPIs aim to assist domestic airlines and prevent the exploitation of Nigerian travelers by foreign carriers.
He detailed that the formation of BASAs is grounded on the concept of mutual benefit, where airlines from one country are permitted to operate flights to another country, while reciprocally allowing airlines from the latter country to do the same, emphasizing that the flight arrangements are mutually agreed upon within the BASA.
