Good News for Air Peace, Others as FG Signs New Deal with World's Biggest Aircraft Manufacturer

Good News for Air Peace, Others as FG Signs New Deal with World's Biggest Aircraft Manufacturer

  • A strategic MoU has been signed by Festus Keyamo, minister of Aviation and Aerospace Development, and Boeing
  • Comprehensive training in airline operations and business models is covered in the agreement
  • Boeing will help Nigerian airlines modernise their fleets and purchase newer Boeing aircraft

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

One of the world's top aircraft manufacturer, Boeing, and minister of aviation and aerospace development, Festus Keyamo, have inked a strategic Memorandum of Understanding aimed at addressing the aviation sector's long-term problems, chief among them being the shortage of aircraft.

FG signs new deal with world's biggest aircraft manufacturer
The agreement calls for extensive instruction on airline operations and business principles. Photo Credit: FG, Johannes Mann
Source: UGC

This was contained in a statement to Minister on Thursday by the Special Advisor on Media and Communications, Tunde Moshood as contained in a The Punch report.

Moshood pointed out that to enhance the business procedures and operational effectiveness of Nigerian airlines, the agreement contains provisions for thorough training in airline operations and business models.

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Anbessie Yitbarek, vice president of Commercial Sales and Marketing for Africa at the manufacturing company, and the minister signed the Memorandum of Understanding in the presence of Nigerian aviation stakeholders, which included executives from Nigerian airlines, the top management of the Nigerian Civil Aviation Authority, and representatives from the Airline Operators of Nigeria, among others.

The agreement's primary feature is facilitating aircraft acquisition. Boeing will assist Nigerian airlines in acquiring newer Boeing aircraft and updating their fleets by utilizing its wide network of lenders and lessors.

Boeing is also anticipated to offer increased technical support to airlines to facilitate the seamless integration of new or used Boeing aircraft into ongoing operations.

Through the provision of access to its extensive collection of engineering drawings, flight operations documentation, maintenance paperwork, and components procurement, Boeing will streamline maintenance procedures and minimize operating delays for Nigerian airlines.

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Airline offers tickets in dollars to Nigerians

Legit.ng reported that the United Arab Emirates (UAE) carrier, Emirates Airlines, was set to resume operation on Tuesday, October 1, 2024, and had opened ticket booking on Nigerian routes in dollars.

The airline said the service would be operated using a Boeing 777-300ER. EK783 will operate between Dubai and Lagos.

The Emirates Boeing 777-300ER serving Lagos will operate with eight first class suites, 42 business class seats, and 304 seats in economy class.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng

Authors:
Zainab Iwayemi avatar

Zainab Iwayemi (Business Editor) Zainab Iwayemi is a business journalist with over 5 years experience reporting activities in the stock market, tech, insurance, banking, and oil and gas sectors. She holds a Bachelor of Science (B.sc) degree in Sociology from the University of Ilorin, Kwara State. Before Legit.ng, she worked as a financial analyst at Nairametrics where she was rewarded for outstanding performance. She can be reached via zainab.iwayemi@corp.legit.ng