MIRRORING FIDELITY BANK'S GIANT FOOTPRINTS IN AVIATION AND FINANCING IN NIGERIA
Press Release Mirroring Fidelity Bank's Giant Footprints in Aviation Financing in Nigeria Aviation business, not only in Nigeria, is generally known to be a capital intensive one and strictly guided by international regulations as prescribed by the International Civil Aviation Organisation (ICAO). The ICAO recommended standards and Practices are to be referred to when dealing in aviation business, therefore, Nigeria being a signatory to ICAO should uphold international civil aviation standards and fulfill its obligations under the Convention on International Civil Aviation. Numerous challenges, including high operating cost; fluctuating exchange rates; difficulties in aircraft repossession; perceived high-risk environment for international financiers and lessors, leading to stringent financing terms or reluctance to engage with Nigerian airlines, have really overwhelmed the sector. Experts say international lessors often perceive Nigeria as a high-risk country due to factor...