The federal executive council (FEC) has approved the establishment of a Nigerian aircraft leasing company, a private sector special purpose vehicle (SPV) with government backing.
The move could eliminate capacity challenges that continue to affect airlines’ operations in the country’s aviation sector.
Festus Keyamo, minister of aviation and aerospace development, spoke on the initiative on Thursday while briefing State House journalists after the council’s meeting, chaired by President Bola Tinubu.Full Details. .
