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Nigeria’s Private Jet Buyers Set To Lose $600m In Non-refundable Deposits - Nairaland / General - Nairaland

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Nigeria’s Private Jet Buyers Set To Lose $600m In Non-refundable Deposits by tomibady007: 3:26pm On Mar 08, 2013
Individuals and corporates in Nigeria that want to buy private aircraft could lose as much as $600 million in non-refundable deposits to foreign manufacturers in the weeks to come, Business Day reported on Friday.

The losses will be a result of the aviation ministry’s review of private aircraft operations which might cause buyers to miss payment deadlines and forfeit advance payments, according to South Africa’s business daily.

The aviation ministry is reportedly currently studying the policy on the importation, operation and ownership of private jets in Nigeria.

http://www.ventures-africa.com/2013/03/nigerias-private-jet-buyers-set-to-lose-600m-in-non-refundable-deposits/
Re: Nigeria’s Private Jet Buyers Set To Lose $600m In Non-refundable Deposits by Freiburger(m): 1:53pm On Mar 09, 2013
When will they start buying private ships?

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