The aviation minister wants African countries to team up with plane makers and leasing companies to fix their ancient fleets because the current financing setup makes it impossible for airlines to stay competitive. Festus Keyamo said the continent needs deals that spread out risk and use local currency instead of forcing carriers to gamble on exchange rates that bounce all over the place, and he pointed to the Boeing partnership with Nigeria as proof that working directly with manufacturers can build up technical skills at home.
The guy dropped a five-point plan that pushes for phased liberalization and better legal frameworks to cut borrowing costs for African airlines. He kept hammering on how aviation ties together trade, tourism, and regional development, but warned that dragging their feet on reforms will leave the continent economically isolated while competitors eat their lunch.
The guy dropped a five-point plan that pushes for phased liberalization and better legal frameworks to cut borrowing costs for African airlines. He kept hammering on how aviation ties together trade, tourism, and regional development, but warned that dragging their feet on reforms will leave the continent economically isolated while competitors eat their lunch.
