The Guardian
Email YouTube Facebook Instagram Twitter

Government expects N20b from sale of presidential jets

Related

The federal government says it expects to make N20b from sale of presidential jets

The federal government says it expects to make N20b from sale of presidential jets

NAF to reconfigure inherited aircraft for operations

Not less than N20 billion (about $50 million) is expected by the Federal Government from the sale of two out of the 10 airplanes in the presidential fleet.

The figure, according to sources, is based on “the current market value” of Falcon 7X and Hawker 4000, as well as their year of entry into service (still recent) and the short distance they have travelled till date.

Aviation experts corroborated the valuation of the aircraft, with some telling the office of the National Security Adviser (NSA) that the two aircraft can be conveniently auctioned between the range of $50 milion and $70million in the current market.

In a related development, stakeholders in the aviation industry have urged governments at all levels to start patronising domestic airlines for the growth of the economy and desist from the rather extravagant and unsustainable ownership of jets or airline. They said this against the backdrop of states that still own and others still planning to buy private jets amidst economic recession.

The Chairman, Panel for Sale of Aircraft, Office of the National Security Adviser, last Tuesday put up an advertorial for the auction of two presidential jets – Falcon 7X and Hawker 4000 aircraft.

The Guardian learnt at the weekend that bidders have been pouring in both from home and abroad to check the Falcon 7X at the Nnamdi Azikiwe International Airport, Abuja. The Hawker 4000 aircraft is in Zurich, Switzerland.

Our source, who would not want to be mentioned said though the aircraft were for auction, the authorities were looking for a very good bid in the neighbourhood of $50million for the two planes.

At the current market rate, a new Falcon 7X costs $53million and the Hawker 4000 costs $22.9million.

Government bought the Falcon 7X in 2011 at the cost $50 million. It is a three-engine cantilever monoplane with a low-positioned, high swept wing, with a horizontal stabiliser at mid-height and a retractable tricycle landing gear.

The estimated value of all the 10 aircraft in the fleet of the presidency is put at over $450 million, with about N8 billion spent on maintenance and fuel yearly.

Capt. Dung Rwang Pam said given the extra features during initial purchase, usage and maintenance among others, these aircraft should be valued between $50 million and $70 million.

Pam, who is the Chief Pilot at XE Jet, told The Guardian that the aircraft’s types were for the very rich, hence should also be expensive selling them.

He said in other climes, the bid would have been for between 60 and 70 per cent of the initial cost, given the short mileage they have covered since they were bought by the government.

Pam, however, expressed concern that the system may short-change the government in the bidding process.

Managing Director of Aglow Aviation Support Services, Tayo Ojuri, said the white elephant projects – either state-owned jets or airline – are unnecessary and unrealistic amidst seething poverty across the states.

Meanwhile, the Nigerian Air Force has said the two aircraft acquired from the presidential fleet would be reconfigured to suit its operational purposes.

The two aircraft were received from the National Security Adviser (NSA) Maj. Gen. Babagana Mongono (rtd), by the Minister of Defence Mansur Dan-Ali on behalf of the Air Force at the presidential wing of the Nnamdi Azikiwe International Airport.

The Chief of Air Staff, Air Marshal Sadique Abubakar while receiving the planes on behalf of NAF, said they would add impetus to the counter- insurgency operation in the North east as the reconfiguration would enhance operational success.



5 Comments
  • vic

    BUHARI, MUST YOU REMAIN AS A PART OF FRAUD AND HYPOCRISY???

    TAKE A RADICAL STEP, SELL OFF ALL YOUR JETS AND PLANES AND TRAVEL FIRST CLASS BY CIVILIAN AIRCRAFT.

    FROM THE PROCEEDS OF THE JETS AND PLANES AND THE RECOVERED LOOT OF N350 BILLION, PAY UP ALL BACKLOGS OF PENSION ARREARS FOR THE OLD AGE PENSIONS WHO HAVE BEEN DYING OF MALNUTRITION, HUNGER AND SICKNESS. THIS IS THE RIGHT THING TO DO AND WILL PORTRAY YOU AS A SELFLESS PRESIDENT WHOSE PLACE WILL ALSO BE RESERVED IN 2019.

    PRESIDENT BUHARI, THIS IS THE ONLY WAY FORWARD OTHERWISE, YOU WILL GO THE WAY JONATHAN WAS DISGRACED BY THE VOTERS THE MAJOR BULK OF WHICH WAS PENSIONERS AND THEIR YOUNG WORKING SONS AND DAUGHTERS AND THEIR GRAND CHILDREN. PLEASE HEAD TO MY ADVICE AND YOU WILL NEVER REGRET BECAUSE I WILL NEVER GUIDE YOU WRONGLY. LEARN TO SACRIFICE YOUR INTERESTS FIRST, IT ALL STARTS FROM THE TOP AND PEOPLE WILL ADMIRE YOU AND FOLLOW YOUR EXAMPLE. YOU WILL THEN BE A TRUE LEADER OF NIGERIA.

    • Olusegun

      @Vic, you obviously do not have brain. In the first instance, Buhari did not buy any plane. He inherited all of them from a certain maniac called GEJ. That he is selling off part of the fleet should be heavily commended by you. You should place the blame of this wastefulness at the doorstep of past leaders who were so callous and unrepentant in the way they spent our money. Dont also forget that the sale is gradual. You cannot sell all your property same day. It has to be a phased and staggered sale in order not to be shortchanged by the same fraudulent people

      • newday

        Selling just 2 out of 10 presidential jets is not good enough. Queen Elizabeth now flies commercial & so should leaders from our hunger-stricken nation, where all the curable diseases are staging a come-back.. Buhari, not GEJ, was voted in as a Reformer, 1st Republic leaders never smelled jets & served well.

    • Sir Demo

      What a stupid suggestion! Two were handed over to NAF in 2015, another 2 this week, 2 on aunction! What less do you want? And where were you when the locusts that bought them were in office?

  • Folashade Olatunde

    The NCS internal replacement form is out on sales interested individual should contact 08036437468…. The NCS auctioning is also on going, get various tokumbo cars at a cheap and affordable price.. Contact 08036437468