Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Nigeria’s first dry-leased aircraft in over 10 years arrives, signaling major aviation reform.

flag Nigeria has received its first dry-leased aircraft in over a decade—a Boeing 737-700 from AerCap—marking a major step in aviation reforms following the country’s ratification of the Cape Town Convention and IDERA in 2024. flag The aircraft, operated by Air Peace, is the first under a new leasing framework backed by a government guarantee, ending years of international leasing restrictions. flag This shift is expected to boost investor confidence, reduce insurance costs, and lower airfares. flag Aviation Minister Festus Keyamo called it a milestone in modernizing Nigeria’s aviation sector, with plans to establish a sovereign-guaranteed leasing company to help airlines access modern aircraft. flag Other domestic carriers are expected to follow, signaling a new era of growth and improved global competitiveness.

9 Articles