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Local Airlines Spend N44bn Annually On Overseas Maintenance

Local Airlines Spend N44bn Annually On Overseas Maintenance       Overseas maintenance of aircraft costs scheduled local airlines excess of N44 billion yearly. The capital flight, from a conservative estimate of about 70 operating airplanes, lately soared given the black market exchange rate of close to N500/$1. Stakeholders said...

Aviation Sector Lost $2 Billion Investment in Two Years

THISDAY investigations have revealed that the aviation industry in 2015 and 2016 lost over $2 billion investment from international financiers who wanted a stake in Nigeria air transport sector due to the prevailing economic downturn. Considering the huge potential market for aircraft maintenance in Nigeria,...