The Federal Government has signed the Irrevocable De-Registration and Export Request Authorisation (IDERA) to enable airline operators to access dry lease aircraft.
The Minister of Aviation and Aerospace Development, Festus Keyamo, who signed IDERA said it is also expected to boost the ratings of Nigeria globally and open it to more financiers in the aviation sector.
Before now, Keyamo said, lessors and financiers in the aviation industry blacklisted Nigeria because they thought the country was unsafe for business and their aircraft.
Speaking in Abuja yesterday while signing the document, he said the successful signing of the Cape Town Convention and the signing of IDERA would open the country to more opportunities and grow the aviation sector.
“Previous governments have ignored this part of our duty in the aviation industry, and I am sure that you have seen of late that to unlock the world of aircraft lessors and aircraft financiers across the world, we signed the practice direction guiding the court on how to interpret the Cape Town convention and the protocols.”
