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Groups plan 200 new aircraft for local airlines in 20 years to boost operations


No fewer than 200 new 777 aircraft are expected for delivery in Nigeria over the next 20 years, courtesy of a strategic partnership between Boeing Company and Springfountain Nigeria.

The aircraft, 10 for each year, will be leased to local airlines by the new African Aircraft Leasing Project (AALP) to boost operations of domestic operators and the air travel sector market in Africa.

Speaking shortly after the signing of the Memorandum of Understanding (MoU) between Boeing Company and Springfountain in Lagos yesterday, Managing Director of AALP, Tokunbo Fagbemi, said the “working together agreement” with the world’s largest airframe manufacturer, the Boeing Company USA, is historic and iconic.


Fagbemi said the agreement was a culmination of over 25 years journey in aviation and two years plus discussions with Boeing to play its role in repositioning aviation in Africa through the African Aircraft Leasing Project.

Meanwhile, the Minister of State for Aviation, Hadi Sirika, has congratulated Springfountain on the feat that is expected to bring in innovative solutions that would assist in solving major issues bedeviling the Nigerian aviation Industry.

Sirika said with the commitment, there would be job creation and wealth retention in Nigeria.

Chief Executive Officer of Air Peace, Allen Onyema, also commended the initiative, describing it as a very pleasing development for the growth of the industry.

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