Air Peace Expands Fleet Through Aircraft Dry Leasing Agreement with Aercap

Air Peace's acquisition of a Boeing 777 aircraft through a dry leasing arrangement with Aercap signifies a positive development in Nigeria's aviation industry. The Minister of Aviation, Festus Keyamo, played a crucial role in removing Nigeria from the lessor blacklist, opening up opportunities for Nigerian airlines to acquire aircraft through dry leasing.

The Federal Government's guarantee for Aercap's aircraft in Nigeria demonstrates confidence in Air Peace and commitment to supporting the aviation sector. Keyamo's efforts to establish a legal framework for aircraft leasing aim to boost investor confidence and create a conducive environment for the industry's growth.