In a significant move to address the ongoing challenges in Nigeria's aviation sector, particularly the shortage of aircraft, the Minister of Aviation and Aerospace Development, Festus Keyamo, has signed a strategic Memorandum of Understanding (MoU) with Boeing, one of the world’s leading aircraft manufacturers.
The MoU includes comprehensive training in airline operations and business models to enhance the operational efficiency of Nigerian airlines.
The agreement, announced on Thursday by Tunde Moshood, the Minister's Special Adviser on Media and Communications, marks a pivotal step toward improving the business practices and overall performance of the country's aviation industry.
The minister and the manufacturing company’s Vice President of Commercial Sales and Marketing for Africa, Anbessie Yitbarek, signed the MoU before Nigerian aviation stakeholders, including executives from Nigerian airlines, the top management team of the Nigerian Civil Aviation Authority and representatives from the Airline Operators of Nigeria among others.
The key highlight of the agreement is the facilitation of Aircraft Acquisition through this, Boeing will leverage its extensive network of financiers and lessors to help Nigerian airlines acquire newer generation Boeing aircraft, in turn modernizing their fleets.
Boeing is also expected to provide enhanced technical support to assist airlines in the introduction of new or used Boeing aircraft, ensuring smooth integration into existing operations.