Wednesday 2 January 2013

FG to assist local airline operators by purchasing 30 aircraft.

Aviation Nigeria

The Federal Airports Authority of Nigeria (FAAN) has announced the government’s plan to 
purchase 30 aircraft in a move to boost the operations of the aviation industry. 

This was made public by the Corporate communications General Manager of FAAN, Mr Yakubu Dati, during an inspection of the renovated Benin Airport on Wednesday 2 January 2013.

Yakubu Dati said that the fund would be sourced from part of the aviation intervention fund of the Federal Government. He added that the purchase would be made by the government and distributed ti domestic airline operators as against the former practice of giving out aviation intervention funds.

The aircraft procurement is to be funded by the Central Bank of Nigeria (CBN) in conjunction with the Bank of Industry (BOI).

The Benin airport has undergone a major renovation for the first time since it was opened in 1979, and is to be inaugurated upon completion with the additional 22 airports earmarked for major reconstruction nationwide. 

Yakubu Dati also said that:  “ I also want to say at this point that the issue of assisting domestic carriers has been uppermost on the mind of the Hon. Minister of Aviation, Stella Oduah."

" We believe a one hour flight should not cost more than N10,000 or N15,000, and the whole idea is to make the business cheaper and easier to operate so that Nigerians who are the ultimate beneficiaries should be the passengers and they should board with cheaper tickets" He added.

Dati concluded by stating the initiative of an addition of 30 aircrafts would go further to boost commercial activities in the aviation sector increasing traffic and revenue.


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