Air Nigeria's creditors demand return of four aircraft

Air Nigeria’s woes are on the rise as the airline’s creditors, GECAS, have demanded for the four aircraft leased to the ailing airline.

In the past one month, Air Nigeria has faced several challenges, ranging from striking staff to being grounded by the Nigerian Civil Aviation Authority (NCAA). Just two weeks ago, Nigeria’s tax agency, the Federal Inland Revenue Service (FIRS) dragged the airline to court on charges of tax evasion to the tune of N5b.

On Wednesday, the airline announced that it would return four of its aircraft to the lessor following the request to repossess the Boeing 737-300 planes.

The airline announced this in an online statement, signed by the Media Relations Manager, Samuel Ogbogoro, in Lagos.

Mr. Ogbogoro said the lessor was already in the process of “calling back the aircraft”.

He said that Air Nigeria would fully cooperate with GECAS in line with the Cape Town Convention, to expedite the repossession.

“Subsequent to the temporary suspension of Air Nigeria’s regional and domestic flight operations by the Nigerian Civil Aviation Authority (NCAA), our lessor has been requesting to repossess some of the aircraft in our fleet and we are fully cooperating to return them.

“Air Nigeria plans to acquire state-of-the-art aircraft to fill the reduction in capacity.

“We are currently finalising plans to resume normal flight operations across the regional and domestic routes as soon as possible,”’ he said.

He, however, said the scheduled Lagos-London-Lagos flight was not affected by the suspension directive of the NCAA.



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