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Nigerian airlines will henceforth find it extremely difficult to acquire aircraft through leasing, except by outright purchase as THISDAY learnt that major aircraft leasing companies in the world have blacklisted the country.

The blacklisting was as a result of the failure of some indigenous airlines to return aircraft to lessors after they defaulted on the terms of the acquisition of the equipment.

THISDAY gathered from reliable industry sources that recent efforts by some domestic carriers to lease aircraft met a dead end as many of the lessors shunned the request while others gave outrageous conditions that could not be met by the operators.

The leasing companies may have decided to blacklist Nigeria after Top Brass, a charter service airline allegedly defaulted in leasing agreement with Seagold, Canada based lessor, which leased a Bombardier Q300 aircraft to the Nigerian carrier.

THISDAY learnt that efforts to recover the aircraft by Seagold was made difficult by Top Brass, which went to court to frustrate the recovery; until the Nigerian Civil Aviation Authority (NCAA) waded in and using the principle of the Cape Town Convention facilitated the Canadian company to recover the aircraft.


In reaction, Top Brass raised an alarm and accused Seagold of stealing the aircraft, which was deregistered by NCAA as a Nigeria aircraft and on arrival in Canada, was registered by the country’s civil aviation authority, Transport Canada.

The blacklisting was confirmed by the CEO of Aero Contractors, Captain Ado Sanusi, who noted that because of series of default by some Nigerian carriers, the lessors have decided not to lease aircraft to indigenous operators.

“Nigeria has reached to that point where there is subtle blacklisting. When a country is blacklisted there is no official letter written to you, telling you that you have been blacklisted. It is when you now go to the market to get these assets and you are turned down or you are given ridiculous and outrageous prices to discourage you from leasing the aircraft that you will know that your country has been blacklisted,” Sanusi said.

The Aero CEO said Nigeria domesticated Cape Town Convention (which enables commercial airlines to lease aircraft and other mobile assets without hindrances), in order to ease aircraft acquisition for Nigerian carriers, but one major condition for leasing aircraft was that in case of default or disagreement between the lessor and the lessee (the airline operator), the leasing company should be assisted to recover its equipment by the country’s government and civil aviation authority.

“The important thing is why did Nigeria domesticate the Cape Town Convention? The reason is so that Nigerian airlines can have easy access to acquisition of aircraft globally and we can pay our lease rentals as at when due.

“To give assurance to the owners of these assets, is that when they feel that there is default he can take back his airplane, his engine or whatever he has leased to you out of the country without any hindrance; be it from the regulator, be it from Customs or from the legal system. After that you can now start talking about the terms of the agreement and whether it was infringed upon,” Aero CEO explained.

The Director General of NCAA, Captain Muhtar Usman, recently raised an alarm and expressed the fear that the misconduct of some of the Nigerian airlines in defaulting leasing agreements with lessors might lead to the blacklisting of Nigeria.

The Director General singlehandedly took up the case of Seagold and made sure the aircraft was returned to the company in Canada in the effort to ensure that the Cape Town Convention principles were not breached.

“The aim of having the Cape Town Convention is to help, especially African airlines to be able to get leases easily and at affordable prices. Of course, it came with certain conditions because the people who are going to lease will always need to have some kind of comfort that if there is any default they will be able to recover their mobile equipment, aircraft, engine or anything along that line,” the DG NCAA had explained.

On the alleged stealing of the aircraft by Seagold, Sanusi said, “How in this day and age can anyone steal an aircraft when if you steal a phone you can be traced? If you steal a car from Europe to Nigeria, on arrival the car is demobilised.
“How can anyone steal an aircraft and fly it across Europe to Canada? It is not possible

https://www.thisdaylive.com/index.php/2019/05/31/299022/

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How I wish I was there to see president atiku again. will change mannaowlgrills due to his crying and Lamentations on mondaM

post=75647743:
HIGHLY NOTED!
Thank you so much for the info naptu2 through INEC!
Everyone should go out enmasse on saturday to vote for the candidate of their choice.
We respect everyone's political view.

But, as for [/b], come [b]FeBuhari 16th 2019, our vote belong to our Daddy, President MUHAMMADU BUHARI and his amiable Vice president Prof Yemi OSIBANJO BGG.

GOD BLESS NIGERIA!!


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midolian:
1. The crowd is nothing compared with the crowd that welcomed Buhari

2. The capacity of the campaign venue is a maximum of 40,000. If out of the millions of registered voters in Kano, a meagre 40,000 came to grace the rally, it shouldn’t mean anything to those who use reason.

3. Assuming #5000 was given to each person at the campaign venue (as alleged in some quarters and confirmed by some people in the Kwankwasiyyah group), a piffling sum of #200,000,000 would have been more than enough to gather such crowd.
I call this piffling not because I am wealthy but because Atiku spent much more than that during the PDP presidential primaries. He was confirmed to have given each delegate $5,000. Atiku got a total number of 1,532 votes during the PDP presidential primaries, so I will be limiting my calculation to this number on the assumption that those who voted for him were the only beneficiaries of the money (which can’t be true). If $5,000 was given to a delegate, the total amount spent would have been at least 2.7billion naira... (I used 360 as the exchange rate)

4. What he spent on just a hundred and fifty delegates can garner much more people than we saw yesterday. As we all know, the PDP is a party filled with people who are media freaks and would do anything to have a good image on social media rather than in reality.

5. What should be worrisome to the PDP(if they are thoughtful) is the fact that over 90% of the crowd were on red caps, which means if you don’t belong to the kwankwasiyyah movement, there is high likelihood that you don’t do Atiku..

6. A friend of mine who happens to belong to this movement told me clearly yesterday that, even if they were not paid, majority of them would have gone to welcome Atiku and cronies just because they wouldn’t want Kwankwaso to be disgraced...but this doesn’t change the fact that those who will be voting for Buhari in the presidential election are in the majority.

7. Kano State is so populated that even if the devil goes there for campaign, he would get at least 30,000 people to welcome him.


Thank you

www.nairaland.com/attachments/8726606_8641706img20190131181015jpeg23a2717e1cbae958afea447ac675f78d_jpeg99642c0c2ed8899a1d9856bcba3f6c86
Buhari in Kano

https://www.channelstv.com/wp-content/uploads/2019/02/Atiku-Campaigns-In-Kano-New-4.jpg
Atiku in Kano

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