Home Aviation Nigerian Airline, aircraft maker unfold $2bn investment

Nigerian Airline, aircraft maker unfold $2bn investment

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Nigeria’s private sector airline, Quorum Aviation Limited and United Kingdom based 328 Support Services, have unveiled $2b investment portfolio for the country’s aviation sector.

This huge capital outlay was disclosed yesterday when the two firms signed a strategic collaboration agreement to support the growth of new regional connectivity in Nigeria and West African region.

328 Support Services GmbH, a wholly owned subsidiary of Sierra Nevada Corporation (SNC) is the type certificate holder of the Dornier 328 aircraft.

The agreement would provide the basis for the start of a new chapter in Nigerian aviation sector as the United Kingdom based aviation support group would supply aircraft for Quorum Aviation Abuja-Kaduna air shuttle service project which was previously announced by the Nigerian company and the Kaduna State Government in 2019.

The deal also provides opportunity to Quorum to be engaged in the selling of Dornier 328 aircraft in Nigeria and West Africa aside the setting up of aircraft maintenance centre among other aviation related services in the country.

Speaking after both firms inked a deal in Lagos yesterday, Founder and Managing Director of Quorum Aviation Limited, Mr. Lukman Abiola Lawal, said that his firm had been planning to partner with the right aircraft manufacturer over many years and felt now was the right time to connect more cities and towns and with potential of Dornier 328 aircraft which he said is the right aircraft for its niche market.

According to Lawal, “The investment that this strategic partnership will drive and bring to Nigeria aviation and indeed West African region is massive; aircraft, parts, maintenance, training plus the potential to build an internationally recognized MRO to provide regional support for the expected growth of the re-energised Dornier 328 programme is very exciting especially as the company approaches the start of the next generation Dornier aircraft”.

“While the cooperation agreement involves the acquisition of aircraft, the other aspects and potentials of this cooperation agreement is very positive for Nigeria and Africa aviation and we look forward to sharing more details as we execute the plan’, he added.

Sales Director for 328 Support Services, Ray Moses said Nigeria is an ideal place for the services provided by the Dornier 328 aircraft, stressing that they look forward to working with Quorum Aviation Limited to deliver a quality product to the people of Nigeria.

NIPC INTELLIGENCE

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