09 Nov FG to establish aircraft maintenance facility
The federal government plans to establish a Maintenance, Repair and Overhaul (MRO) in Abuja; as well as an Aviation Leasing Company (ALC), in order to enable Nigerian airlines lease aircraft at cheaper rate.
This was part of its efforts to optimise business opportunities in the Nigerian aviation value chain. The government had earlier requested for pre-qualified bidders to submit their bids in response to the Request for Proposals (RFP) for the establishment of an Aviation Leasing Company (ALC) and establishment of a Maintenance, Repair, and Overhaul (MRO) centre at the Nnamdi Azikiwe Airport, Abuja.
According to information from the Ministry of Aviation, the bidders who had already bided for these projects were qualified having passed the Request for Qualification (RFQ) stage of the procurement process, disclosing that the RFP submission deadline closed on Friday, October 30, 2020 and Tuesday November 3, 2020, respectively.
The objectives of the projects are multi-pronged.
“They include curtailment of capital flight, easing the leasing process for domestic airlines, encouraging foreign investment (FI), enhancing technology transfer to Nigerians, improving aircraft maintenance turnaround time, localizing aircraft maintenance in compliance with regulation, and generally develop the aviation sector in the country,” the Ministry officials said.
They said that there is no Aviation Leasing Company in Africa at the moment, as the existing ones are owned and run by major international lessors who are reluctant, and rightly so, to lease aircraft to African airlines due to the perceived risks, principally revenue, maintenance and legal risks.