Nigeria signs MoU with Boeing on aircraft financing, airport management, safety

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Abuja, Aug. 29, 2024 – Nigeria has signed a Memorandum of Understanding (MoU) with the aircraft manufacturers, Boeing, for aircraft financing and training among others.

Festus Keyamo, the Minister of Aviation and Aerospace Management, disclosed this in a post on X on Thursday.

He said the agreement was signed when he led a delegation of executives of major airlines in Nigeria under Airline Operators of Nigeria to Boeing company in Seattle, United States.

“In Seattle, State of Washington in the USA, I led a delegation of the Executives of major airlines in Nigeria under the auspices of Airline Operators of Nigeria and other important stakeholders in the civil aviation ecosystem in Nigeria to sign an important Memorandum of Understanding with the Boeing Company, one of the major aircraft manufacturers in the world.”

According to him, major deals reached with Boeing are financing for new aircraft using Boeing network and provide consultation via Boeing’s Airports Engineering team to open and/or expand airport capabilities and advisory on MRO development.

“Leverage Boeing’s network of financiers and lessors to better position Nigerian Airlines to acquire newer generation Boeing aircraft. Provide enhanced technical support to help airlines introduce new or used Boeing Aircraft.

“Provide training in airline operations and business models to enhance airline business practices. Provide technical support via providing access to Boeing data such as maintenance documents, engineering drawings, parts purchasing, and flight operations documents to streamline maintenance practices.

“Provide Boeing Field Services Representation in Nigeria or close by as on-site support. Provide leadership-development training to help airlines enhance their leadership pipeline. Collaborate with airlines’ in-flight operations, maintenance, and engineering to enhance safety and operational efficiency.”

The minister also said that the MoU would enable collaboration with the Nigerian Civil Aviation Authority (NCAA) and Nigerian Safety Investigation Bureau (NSIB) to partner with International Civil Aviation Organization (ICAO) and regional regulators to enhance safety oversight in the region. (GBN)

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