Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Nigeria Airways To Buy New Aircraft  
User currently offlineHani From , joined Dec 1969, posts, RR:
Posted (12 years 8 months 1 day 22 hours ago) and read 1717 times:

By the Guardian (Nigeria)

A STEP that may turn around the fortune of the wobbly Nigeria Airways has been taken by the Federal Government as it has released a whopping $100 million (about N11.2 billion) to enable the national carrier improve its depleted fleet with two new Boeing aircraft.

The development, a complete turn around by the government from its earlier stand not to pump more money into the embattled airline was, according to the News Agency of Nigeria (NAN), facilitated by the Aviation Ministry and Bureau of Public Enterprises (BPE).

NAN quoted some aviation industry sources as saying that the acquisition of the new aircraft would go a long way in minimising the constraints faced by the airline in operating its international routes.

The airline's fleet has been depleted from 28 aircraft 10 years ago to only two B737.

Believed to have been given a year to reposition for privatisation, the Airways may be adding a Boeing 767-300, an extended range aircraft and B737-300.

Agency report has it that the Aviation Ministry and BPE proposed $40 million for the purchasing of a six-year-old B767-300 and $40 million for two B737-300 to the government.

This planned release of the $100m is, to some aviation industry observers a dramatic twist in the privatisation of Airways that had bitterly pitched the Aviation Ministry and the BPE against each other. The former had favoured a turn-around before privatisation and the latter an outright sale or liquidation leading to the establishment of a new company.

NAN quoted a source as describing the government move as 'timely', adding that it would enable the airline operate to the United States directly on its own and boost its network on the West African route.

Airways currently operates to New York under a joint venture arrangement with the South African Airways and has since November 20 returned to the London route with a wet-leased Boeing 747-300 aircraft.

"The plan is part of the ministry's initiative to revive the airline and reposition it for eventual privatisation," added the source.

Truce was said to have been reached at a tripartite meeting by officials of the Airways, Aviation Ministry and BPE. It was learnt that the airline's managing director, Jonathan Jiga persuaded the BPE on the need to recapitalise the company through fleet renewal to enable it reposition for privatisation within a year.

Disagreement over the future of Airways degenerated into a media war between Aviation Minister Kema Urikwe and BPE director-general, Nasir El-Rufai that the presidency once had to call them to order.

Former Airways managing director, Yomi Jones, caught in between the cross-fire lost his job for allegedly trying to get the airline back on the London route on its own.

Airways has not been able to service its uncreative routes for years now although it is currently the only designated carrier on more than 65 Bilateral Air Service Agreements (BASA) between Nigeria and other countries.

This invitation has cost Nigeria more than half a billion of capital flight by foreign carriers.

The Lagos - London route alone is believed to be a £320 million revenue route with Nigeria recording little or nothing in terms of market share.


4 replies: All unread, jump to last
 
User currently offlineHani From , joined Dec 1969, posts, RR:
Reply 1, posted (12 years 8 months 1 day 22 hours ago) and read 1668 times:

Does anyone know when Bellview Airlines started flying
to Accra? OAG.com shows a daily rotation leaving Lagos at 7pm returning at 10pm, operated by DC-9-32 a/c.

Any information would be appreciated,

Thanks

Hani


User currently offlineLima From Argentina, joined May 1999, 1122 posts, RR: 14
Reply 2, posted (12 years 8 months 1 day 5 hours ago) and read 1626 times:

With so many DC10-30's grounded (i.e. like Continental), as an interim measure, why Nigeria Airways don't lease and fly with its own pilots. The aircraft are FAA approved and its pilots are already qualified to fly them.

User currently offlineFly707 From United States of America, joined Oct 2001, 350 posts, RR: 0
Reply 3, posted (12 years 8 months 1 day 5 hours ago) and read 1609 times:

Good news to Nigeria Airways .
They really need new aircrafts .



Without mistakes we will never learn
User currently offlineOO-AOG From Switzerland, joined Dec 2000, 1426 posts, RR: 4
Reply 4, posted (12 years 8 months 1 day 4 hours ago) and read 1612 times:

Lima

The status of the fleet is terrible, especially the maintenance records. Due to lack of money, Nigeria had several A310s stored and cannibalised for spares. I remember that one of their A310s was impounded by Sabena for years, before being auctioned for scrap. I guess that the stored DC10 is absolutely not airworthy.



Falcon....like a limo but with wings
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Qatar Airways To Buy 80 New Jets posted Sun Aug 21 2005 13:27:48 by Squirrel83
Emirates & Qatar Airways: 100 To 120 New Aircraft posted Thu Jun 2 2005 23:24:01 by Squirrel83
BA To Order New Aircraft BY Year End. posted Thu Sep 28 2006 09:59:55 by WINGS
Kenya Airways To Fly New Routes To W Africa posted Fri Sep 22 2006 05:01:39 by Carnoc
Thai Airways To Buy 4 More B777-200ER posted Mon Sep 18 2006 06:35:11 by PanAm_DC10
SWA To Receive New Aircraft posted Thu Aug 17 2006 03:42:59 by Flinhion757
Berlusconi To Buy A New Jet, A BBJ For 30 Mln Euro posted Mon Jun 12 2006 14:21:11 by Koper
JetBlue Airways To Announce New City Tomorrow posted Thu May 25 2006 03:30:38 by MiCorazonAzul
What Does It Cost To Certify A New Aircraft? posted Sun Mar 19 2006 02:38:41 by Art
Russian Airlines To Buy 527 Aircraft Before 2010 posted Fri Aug 26 2005 11:05:28 by Keesje