Wednesday, 23 October 2013

CORRUPTION: The Planes in Jonathan's Fleet is More Than 3 Domestic Airlines

Nigeria can NEVER make any meaningful progress if we continue like this, I swear!

With the declining fortunes of domestic airlines in Nigeria, President Goodluck Jonathan’s Fleet of 10-aircraft is now larger than the fleets of three domestic airlines put together. These are the three carriers – Chanchangi, MedView and FirstNation airlines. Chanchangi has one aircraft; Medview Airlines, three; while FirstNation has two....
The three airlines have just six planes, while President Jonathan has 10, one of the highest in the world...
Investigations by Punch revealed on Tuesday that IRS Airlines, with five aircraft in its fleet, has only one that is currently operational. The four others have been sent overseas for routine maintenance for a long time now.

It can be technically assumed that Jonathan's Presidential Air Fleet is bigger than the four domestic airlines, and this is according to industry experts.

AeroContractors, the second largest domestic airline, which currently has about 12 aircraft in its fleet, is said to be struggling under sundry debts like every other domestic airline.

According to findings, the Presidential Air Fleet include two Falcon 7X jets, two Falcon 900 jets, a Gulfstream 550, one Boeing 737 BBJ (Nigerian Air Force 001 or Eagle One), and a Gulfstream IVSP.

Others are one Gulfstream V, Cessna Citation 2 aircraft and Hawker Siddley 125-800 jet.

Each of the Falcon 7X jets was purchased in 2010 at a cost of $51.1m, while the Gulfstream 550 costs $53.3m.

The factory price of the other aircraft in the fleet could not be obtained online. However, airline CEOs put the average price of the Falcon 900 at $35m; Gulfstream IVSP, $40m; Gulfstream V, $45m; Boeing 737 BBJ, $58m; Cessna Citation, $7m; and Hawker Siddley 125-800, $15m.

This brings a combined estimated value of Jonathan's official aircrafts to $390.5m (N60.53bn).

Most developed countries maintain just two aircrafts, but Nigeria, with all the poverty, has 10. Madness!

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