Author:Diamond Aircraft, an Austria-based aircraft producer, says it is seeking local partners to enable it expand its manufacturing operations into Nigeria.
The development comes amid renewed calls by the International Air Transport Association for Nigerian authorities to allow the repatriation of foreign airlines’ revenue, now atForeign airlines operating in the country have been battling with the federal government of over the trapped funds.IATA had said the increasing backlog of international airlines’ blocked funds could spook investors who may be willing to enter the Nigerian market.
“We are looking for a partner who can help us bring our aircraft to the Nigerian market and ensure that they meet the highest standards of excellence,” he said.“We are excited to explore the potential of the African market and to meet with local partners who can help us establish a strong presence in Nigeria.
“You are in the centre of Africa and since you are producing for Africa, you cannot go to the coast to produce, so, Nigeria is your best location,” the minister said.
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