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So, I don’t need to amass so much money now to start acquiring planes “If every Nigerian – the least of Nigerian airlines, those with five planes or three planes, those with their three planes, the cost of acquiring those three aircraft, whether used or brand new, even used ones, could afford them 20 or 30 aircraft.
“I said sometime ago and I told Mr.
President when he invited me for Iftar, I told him, I said the ease of doing business in the Aviation sector has come back, thanks to the kind of appointment you made.
I told Mr.
President that at the end of the day, you will celebrate making this guy your aviation minister.Festus Keyamohas been in the trenches out there trying to get this thing sorted, midwifed it, and the vice-president was there to make sure everything happened.” The CEO of Air Peace noted that Nigerian aviation sector players can easily acquire a large number of airplanes at cheaper rates with the signed agreement.
Now, because you’ve not expended a lot of money, you’re not paying interest at 35% for a huge sum of money, that will affect the bottom line positively, and bring the fare, the prices down appreciably.
He said, “The money we use to buy one brand new plane can get me about 50 or 40 aircrafts on dry lease.
“If I spent $80 million buying one of my brand new planes, I ordered 13 of the E2095, 5 have already come in.
Speaking in an interview with Arise TV on Sunday, on the benefits of Nigeria signing the Cape Town Convention (CTC) Practice Directions, Onyeama explained that the country’s aviation sector would benefit more from the signed agreement.
According to him, Nigeria’s aviation sector businesses now have the opportunity to conquer West Africa and Central Africa aviation markets.
Once we move in, we are going to interconnect this country, we are going to open up this country, and that is opening up the economy, agric products will find their ways to the cities and other places.
“This will increase interconnectivity because you have a lot of planes.
Allen Onyemasaid the signing of the CTC Practice Directions is a revolution in the aviation sector..
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