ADADUpdating your news feed...
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
.webp)
Loading banners
Loading banners...
Minister of Aviation and Aerospace Development, Festus Keyamo, announced a breakthrough following the Federal Executive Council’s approval of a comprehensive settlement regarding a 20-year legal and financial dispute with Bi-Courtney Aviation Services Limited.
Under the new agreement, Bi-Courtney completely wrote off a massive N132 billion judgment debt and interest claim against the government.
In exchange, the government removed exclusive clauses and restored specific concessions, allowing the federal administration to finally earn revenue from the Murtala Muhammed Airport Terminal Two (MM2) operations.
He also highlighted a major upcoming initiative to establish an aircraft leasing company backed by international investors to tackle domestic fleet constraints. With local airlines struggling against foreign dominance, these collaborative steps are designed to generate high-quality jobs, modernize airport infrastructure, and empower Nigerian carriers to reclaim market share. (Channels)
