Boeing ready to assist airlines in Nigeria with aircraft insurance

Boeing International Corporation says it is ready to assist airlines in Nigeria in accessing adequate aircraft insurance coverage through partnerships with buoyant lessors and global financiers.
Moore Ibekwe, Boeing sales director, Africa Region Commercial Airlines, disclosed this in Dublin, Ireland, during the start-off meeting of the ‘Boeing Lessor Forum’ holding between January 12 to 15.
According to Mr Ibekwe, such efforts will contribute significantly to enabling Nigerian airline operators to mitigate risks and guard against losses.
“One key aspect of aviation insurance in Nigeria is the requirement for aircraft operators to maintain adequate insurance cover. Boosting the capacity of aviation insurance in Nigeria is essential to ensuring stability and safety through financial soundness of insurance operators in the sector.
“This meeting is part of efforts the Nigerian government is making to address issues related to aircraft insurance in the aviation sector,” he said.
He praised Nigeria for securing the first position in the Cape Town Convention compliance index rating in Africa.
The director added that tracking funds by lessors is no longer an issue in the Nigerian aviation sector.
Speaking, Rose Lereece, the organiser of the ‘Nigerian Aviation Forum’ start-off meeting, urged the delegation from Nigeria to take advantage of the opportunities offered by the event to attract businesses that would advance the Nigerian aviation sector.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Hot news Home top
Trump says talks to end Ukrainian war underway after phone call with Russia’s Putin
The American leader said both he and the Russian president reminisced about centuries-old history.

NationWide
Ogun speaker commends Dangote for economic interventions
He said the business mogul has commenced the export of products from the petroleum refinery to other parts of the world.

Lagos
Lagos: Policeman arraigned, remanded in Kirikiri for defiling 17-year-old inside station
The teenage girl was said to have gone to the station on June 29, 2024, to report about her stolen phone.

NationWide
14 million Nigerians abuse drugs: NDLEA
She described the younger people as the most vulnerable victims of drug abuse.

Heading 4
17th Headies Awards Nominees (Full List): Odumodu Blvck, Ayra Starr, Shallipopi, Mohbad top list
The 17th edition will hold in April.

Lagos
Lagos govt. to demolish shanties, illegal structures in Itu-Mara
He said that the removal of illegal structures was a step toward planned and sustainable growth.