Airline

Nigerian carriers face 50% hike in lease rates

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Nigerian carriers face 50% hike in lease rates

Nigeria has been classified a high-risk nation by aircraft lessors since the fatal Dana Air crash in June. As a result, lessors have raised lease rates on aircraft to Nigerian airlines by over 40%, which is expected to rise to 50%. A Nigerian carrier can expect to pay $200,000 a month for a 737-500,...

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