The Chief Operating Officer (COO) of Bi-Courtney Aviation Services Limited (BASL), operators of Murtala Muhammed Airport Terminal 2 (MMA2), Mr. Remi Jibodu, has commended the federal government for implementing the Cape Town Convention (CTC) practice in Nigeria’s aviation sector. He emphasized that the move would significantly enhance industry capacity by making aircraft leasing more accessible and cost-effective.
During a courtesy visit by the League of Airport and Aviation Correspondents (LAAC) to BASL’s office at MMA2 in Lagos, Jibodu highlighted the crucial benefits of CTC, particularly in facilitating dry leases for airlines. According to him, this would streamline aviation equipment financing, reduce costs, and provide greater operational flexibility by allowing airlines to rely more on local crew instead of foreign personnel.
Reflecting on industry challenges, Jibodu noted that some airlines had to return leased aircraft due to financial constraints. He pointed out that Nigeria’s current financial climate—with interest rates exceeding 30% and inflation around 24.7%—makes it difficult for airlines to secure funding and sustain operations under traditional lease agreements. However, the adoption of dry leases under the CTC framework would help carriers manage costs more effectively while expanding their fleets.
Jibodu further stressed the need for strategic route development in Nigeria’s aviation sector. While high-traffic routes like Lagos, Abuja, and Port Harcourt remain profitable, he urged the government to establish trade centers at underutilized airport locations to stimulate economic activity and passenger traffic.
“If we introduce more capacity today, airlines will naturally ask whether the demand exists to sustain it. The key is to enhance trade and commercial hubs around airports to ensure that economic activities drive aviation growth,” he stated.
In discussing Bi-Courtney’s operations, Jibodu emphasized the company’s ongoing efforts to maximize MMA2’s infrastructure. He revealed that the terminal, which accommodates 10,000 to 15,000 passengers daily, is attracting more businesses, including a new bank branch set to open soon.
On cargo operations, Jibodu highlighted BASL’s investment in cold storage facilities to strengthen Nigeria’s supply chain and reduce reliance on road transport, which is often risky. He noted that the company is in discussions with industry players to establish a dedicated freighter system that would improve cargo distribution across the country.
Reflecting on Bi-Courtney’s 18-year management of MMA2, Jibodu asserted that the company has demonstrated exceptional operational capabilities and should be considered for managing additional airports within Nigeria and across the West African region.
Regarding passenger traffic trends, he acknowledged fluctuations over the past year, particularly following Dana Air’s exit and economic disruptions caused by surging aviation fuel prices. However, he expressed optimism for 2025, citing recent foreign exchange stability and potential economic policy improvements.
In his remarks, LAAC Chairman Mr. Idris Suleiman praised Bi-Courtney’s efforts in providing seamless passenger facilitation at MMA2. He encouraged the company to maintain its leadership as Africa’s foremost privately managed airport terminal while pledging LAAC’s support for a productive partnership with BASL.
As Nigeria’s aviation industry evolves, the successful implementation of the Cape Town Convention is expected to play a crucial role in boosting airline capacity, improving operational sustainability, and fostering economic growth in the sector.
Stay informed, Stay ahead with The Ameh News
Discover more from Ameh News
Subscribe to get the latest posts sent to your email.
