Boeing to assist Nigeria airlines to Access aircraft insurance cover

Boeing International Corporation says it is ready to assist airlines in Nigeria in accessing adequate aircraft insurance coverage through partnership with buoyant lessors and global financiers. Mr Moore Ibekwe, Boeing Sales Director, Africa Region Commercial Airlines, disclosed this in Dublin, Ireland during the start off meeting of the “Boeing Lessor Forum “scheduled to hold from Jan. 12 to Jan.15. The forum presents a unique opportunity for Nigeria to showcase its reforms in the aviation sector toward forging strategic alliances. According to Ibekwe, such effort 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 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, Ms Rose Lereece, the Organiser of the “Nigerian Aviation Forum“ startoff 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.