FlightSource International, a United States of America company that is into aircraft sales, chatter, brokerage, acquisition, financing and others, says it is ready to invest 70 per cent stake in a national hangar project in Nigeria in order to assist airlines get immediate and cheap access to maintenance.
But the company is insisting on getting a 30 per cent commitment from Nigerian investors in the form of private public partnership (PPP).
Oluwaseyi Ajayi, the company’s senior representative in Nigeria, says this is part of measures to cut cost for operators in the country and stem the huge capital flight associated with ferrying aircraft for maintenance services abroad.
The establishment of the maintenance facility by a private sector firm has become imperative to complement the various investments by the Federal Government in upgrading the nation’s airports and other allied infrastructure, Ajayi says.
“We will commit ourselves to 70 per cent of the deal, while we are seeking for a Nigerian investor that will put down the 30 per cent equity.
“The infrastructure upgrade in Nigeria is excellent. I think the only thing absent is a state-of-the-art hanger or maintenance centre or facility. And so the hanger, which we have identified as a big challenge to the Nigerian industry will be used to carry out all forms of checks and repairs on airplanes and helicopters, and will put an end to the huge cost borne by operators in taking out their aircrafts overseas for maintenance,” he says further.
FlightSource Asset Management Division (FSAMD) provides aviation consulting services to aircraft operators, owners and financiers, and specialises in the management of commercial aircraft operating leases and offers technical support and management services designed to meet the demands and needs of its customers.
It services are designed to minimise financial risk and to ensure your assets are maintained and are secure. FSAMD can provide guidance and assistance with the assessment of risks to help clients with their investment decisions. Whether FSAMD is appointed to complete a detailed inspection of an aircraft for a lease termination, prospective purchase, investment or sale, or whether it manage the aircraft you have leased, its services and approaches will be tailored to meet your specific needs and requirements.
[BUSINESSDAY]
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FlightSource, FSAMD, Hangar Project, Nigeria
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