Afreximbank, Russia to guarantee aircraft acquisition for Nigerian airlines

African Import Export Bank (Afreximbank) has entered into a strategic partnership with the Russian Export Centre (REC) to bring Russian aircrafts into Nigeria.

The Russian export centre is the export bank of the Russian federation to promote aviation in Africa.

Through the scheme, Nigerian airlines will acquire Russian aircrafts by paying between 10-15 percent of the total value of the aircraft and take ownership of the equipment.

Afreximbank which is a trade finance bank on the African continent sealed the deal to bring Russian planes to African territories in order to boost air transportation in Africa.

The Bank’s global head for client relations, Rene Awambeng announced the deal at the seminar and Roadshow organized to raise awareness on Russian aircraft and helicopters in Africa in the presence of airline operators.

He explained that Russian aircraft are equipped with state-of-the -art facilities and fuel efficiency.

The bank, according to him, would interface with the regulatory authorities to certify the planes to operate on Nigerian soil.

The aircraft, he explained is a blend of Italian, French and Russian technologies, very spacious and designed for regional routes.

He added that they can take up to 100 passengers in different configurations of business class and economy,  quick in take-off and landing, which means they can service short distances.

Chairman of Airline Operators of Nigeria (AON), Capt. Nogie Megisson said the Afreximbank’s intervention is a big relief for airlines operators as they can now pay between 10-15 percent deposit to acquire the aircraft.


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