The federal government has implemented the Cape Town Convention protocol on de-Registration and export request of leased aircrafts.
Addressing the media at the signing of a protocol documentation of Irrevocable Delegation of Authority to de-Register Aircraft, IDERA in Abuja, the Minister of Aviation and Aerospace Development, Festus keyamo explained that it is a necessary step in allowing new aircrafts to come into the country.
Also speaking, Director General of Nigerian Civil Aviation Authority, NCAA, Chris Najomo said that the Cape Town Convention and the associated Aircraft Protocol came into force in the United Kingdom on 1%November 2015 through The International Interests in Aircraft Equipment, Regulations 2015.
The Cape Town Convention is aimed at reducing the cost of raising finance for large, high value mobile assets which routinely cross borders In relation to registration and operation of aircraft in Nigeria as the m
ain impact of the Convention is the ability of the registered owner to request an Irrevocable De-Registration and Export Request Authorisation ‘IDERA over an eligible aircraft.
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