SpiceJet Faces ICBC Aircraft Repossession for 4 737 MAXs
ICBC has filed for the repossession of four SpiceJet Boeing 737 MAX aircraft via the DGCA IDERA framework following prolonged lease payment defaults.
Jul 14, 20264 min
Airlines
Nigeria to Launch Leasing Firm With Sovereign Guarantee
The Nigerian government is forming an aircraft leasing company to lower airline financing costs and provide sovereign guarantees for repossession.
May 28, 20263 min
Airlines
GIFT City Aircraft Leasing to Double in 2 Years, Says Govt
India's GIFT City aircraft leasing hub is set to double in two years, with 38 lessors now managing assets worth $5.8 billion under new reforms.
May 9, 20264 min
Business
Nigeria Clears $850M Airline Debt, Lifts ICAO Safety Score to Record 91.4%
Nigeria's aviation sector reforms under Minister Festus Keyamo cleared $850M in trapped funds and boosted its ICAO safety score to a record 91.4%.
May 1, 20265 min
Regulatory
Fidelity Bank & AFG Launch Leasing to Boost Nigerian Airline Fleets
Fidelity Bank and AFG partner on aircraft leasing for Nigerian carriers, aiming to boost fleets and lower airfares as predicted by the NCAA.
Apr 3, 20265 min
Business
Nigeria Boosts Airline Financing with Cape Town Convention Reforms
Nigeria's aviation minister announced key regulatory reforms to de-risk investment, aiming to solve chronic aircraft financing issues for local airlines.
Apr 3, 20265 min
Regulatory
Nigeria Halts National Carrier, Pivots to Support Domestic Airlines
Nigeria's government has halted the Nigeria Air project to prioritize domestic airlines, citing reforms that cleared $850M in trapped funds.
Mar 18, 20265 min
Regulatory
Nigerian Airlines Face Leasing Hurdles 18 Months After CTC Reforms
Nigerian airlines still struggle with aircraft leasing 18 months after CTC reforms, as investor caution persists due to legal and reputational risks.
Mar 7, 20265 min
Business