Afreximbank Pledges To Support Aircraft Financing In Nigeria

The African Export-Import Bank Afreximbank has committed to facilitating aircraft financing for airlines in Nigeria. This commitment was made during a productive side meeting at Dublin, Irelands ongoing Aviation Economic Conference.

The development financing institution announced its intention to create a leasing subsidiary that will soon provide 25 aircraft for leasing to airlines across Africa.

This initiative is anticipated to offer Nigerian airlines access to dry-leased aircraft, improve operations on routes covered by Bilateral Air Service Agreements BASA and enhance domestic networks.

The information was included in a statement released by Tunde Moshood, the special adviser on Media and Communications to the Minister of Aviation and Aerospace Development.

The meeting was led by Festus Keyamo, Nigerias Minister of Aviation and Aerospace Development, and gathered aviation industry stakeholders, including Helen Brume, Afreximbank's Director and global head of project and asset-based finance, along with Lereece Rose, Boeing's Senior Director of Finance.