The Federal Government don launch Aviation Leasing Special Purpose Vehicle (SPV) to help Nigerian airlines get easier access to aircraft and strengthen the country aviation sector.
The new initiative na part of efforts to solve long-standing challenges wey local airlines dey face concerning aircraft leasing, financing and fleet expansion.
Government officials explain say the Aviation Leasing SPV go create better opportunities for Nigerian carriers to acquire aircraft under more flexible and affordable arrangements.
According to authorities, the initiative also go help reduce dependence on foreign leasing structures wey often make operations difficult for domestic airlines.
The government believe say the programme go improve capacity for local operators, encourage growth in the aviation industry and support safer and more efficient air transport services across Nigeria.
Industry stakeholders don describe the move as important step towards strengthening Nigeria aviation sector and increasing competitiveness among local airlines.
Experts also note say easier access to aircraft fit help reduce operational costs, improve flight availability and create more jobs within the aviation industry.
The Federal Government assure stakeholders say the Aviation Leasing SPV go operate with transparency and support policies aimed at long-term development of the aviation sector.
