- The aim of the company is to act as an SPV for the acquisition or leasing of aircraft globally for the use of local operators.
- This development will give the local airlines the option to further lease these aircraft locally through a single credible entity with a sovereign backing.
- The company will be fully privately funded, commercially operated, and will impose no obligation on the Federal Government to invest, but will enjoy strategic government backing.
- The initiative which will now allow local airline operators to lease more aircrafts, instead of outright purchase, will enhance the capacity to service domestic routes (which are presently fraught with cancellations and delays) and empower them to compete with the foreign airlines that presently dominate the Nigerian market.
- It is also expected to improve competition in the market and further drive down costs of flights on the long run.
