According to the minister, all the necessary approvals needed to acquire the 30 aircraft have been obtained from the presidency and the ministry of finance but the CBN is yet to come up with the details of how the airlines would access the aircraft and pay back.
It would be recalled that the FG promised to acquire 30 aircraft by December 2012 as part of intervention measures in the aviation sector.
Under this new policy, the federal government will buy the aircraft directly from the manufacturer while the benefiting airlines would then pay back based on agreed terms and conditions; it is the terms and conditions that the CBN hasn’t come up with.
“Very soon we will acquire the aircraft. Everything is ready. We are just waiting for the Central Bank of Nigeria. The president has approved all the policies that we have put in place,” she said.