Nigeria will save $3 billion yearly, if indigenous airlines maintain their aircraft locally.
Speaking at the weekend, Chief Executive Officer (CEO), Onedot Aviation, Capt. Henry Oludotun Ogunyemi, said the amount covered heavy maintenance checks on some aircraft type, including Boeing, for which the Nigerian Civil Aviation Authority (NCAA), had given its approval.
He said Nigeria was losing huge sums to other countries because of the failure of the government and private organisations to set up such facilities.
This is coming at a time it is difficult for airlines owners to source dollars for the maintenance of aircraft abroad due to the Federal Government’s foreign exchange (Forex) policy.
Experts said airlines require over $1 million to carry out repairs known as C and D checks on their aircraft.
In an interview, Chairman of Air Peace Mr Allen Onyema said domestic carriers could save more money if there were maintenance facilities in the country. He said the huge sums spent on overseas maintenance of aircraft could not be readily recovered from ticket sales.
The Chief Executive Officer of Aerocontractors of Nigeria, Captain Fola Akinkuotu, said such aircraft maintenance facility would reduce costs for airlines.