Launching an Aviation Leasing Hub in Africa
Introduction: Government's aims
The Federal Government of Nigeria, through the Federal Ministry
of Transportation (Aviation) (FMOT(A)) is keen to provide a
framework for the establishment of an Aviation Leasing Company
(ALC) which can also be referred to as an African Leasing
Company (ALC).
To this end, the Federal Government seeks to partner with a
private partner consortium in a Joint Venture, with the
Government owning a minority stake which will be supported by
Government guarantee for either the aircraft or lease payments.
The ALC will provide leasing opportunities for African airlines in
order to boost fleet size, alleviate the problem of aircraft leasing
and play a significant role in modernizing the aircraft fleet in
Africa.View entire presentation