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West Africa: Firm to Invest U.S.$20 Billion in Aircraft Leasing Facility

West Africa: Firm to Invest U.S.$20 Billion in Aircraft Leasing Facility

African Aircraft Leasing Company (AALC) plans to invest about $20billion in aircraft leasing facility in Nigeria. The proposed investment will enable indigenous airlines lease aircraft at cheaper rate and without the present cumbersome processes.
The facility would also include Maintenance, Repair and Overhaul (MRO) centre and spares logistics and supply as well as aggregated services solutions.
The investment according to the Executive Director, SpringFountain Infrastructure Limited, Mrs. Tokunbo Fagbemi is a partnership with the United States based aircraft manufacturer, Boeing Corporation.
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