FG Pledges Support for Nigerian Airlines Amidst International Challenges, Affirms Festus Keyamo
In a resounding affirmation of the government’s unwavering support for Nigerian airlines, the Minister of Aviation and Aerospace Development, Festus Keyamo, has declared the commitment to bolstering domestic carriers in their international operations. Addressing concerns and challenges hindering the growth of Nigerian airlines, the Minister outlined strategic measures aimed at facilitating long-term aircraft leases and leveling the playing field against foreign competitors.
Speaking at the inaugural event for the Air Peace Lagos-London flight over the weekend, Minister Keyamo underscored the government’s proactive stance in assisting domestic airlines navigate the complexities of international routes. Emphasizing the importance of equitable access to aircraft leasing and affordable insurance rates, he outlined key performance indicators (KPIs) designed to empower Nigerian airlines and safeguard the interests of travelers.
Minister Keyamo highlighted the significance of Bilateral Air Service Agreements (BASAs) in fostering reciprocal aviation rights between countries. While acknowledging the mutual benefits outlined in BASAs, he raised concerns over potential political obstacles and disparities faced by Nigerian airlines in accessing international slots. In response, he advocated for a level playing field and greater transparency in the implementation of BASAs to ensure fair competition and maximize the potential of domestic carriers.
Central to the Minister’s agenda is the facilitation of long-term leasing arrangements for Nigerian airlines, aligning with global industry standards and best practices. Recognizing the prevalence of leased aircraft in the global aviation market, Minister Keyamo emphasized the need for domestic operators to leverage leasing opportunities to enhance their fleet capabilities and competitiveness. By negotiating favorable leasing terms and conditions, Nigerian airlines can bridge the gap with international counterparts and expand their presence on international routes.
In addition to addressing leasing challenges, Minister Keyamo reiterated the government’s commitment to reducing barriers to entry and promoting a conducive environment for aviation growth. By streamlining regulatory processes and enhancing collaboration with industry stakeholders, the Ministry aims to create a conducive ecosystem for sustainable aviation development.
As Nigerian airlines strive to expand their footprint in the global aviation landscape, Minister Keyamo’s assurances serve as a beacon of hope and confidence for the industry. With concerted efforts and strategic interventions, the government is poised to empower domestic carriers and position Nigeria as a formidable player in the international aviation arena.
The Minister’s proactive approach underscores the government’s resolve to overcome challenges and unlock the full potential of Nigeria’s aviation sector. As stakeholders collaborate towards a shared vision of excellence and innovation, Nigerian airlines are poised to soar to new heights of success and prominence on the global stage.
Source: Interview with Minister Festus Keyamo, Air Peace Lagos-London Inaugural Flight Event, [Date of Interview]
