A major outcome of the just-concluded Nigerian Aircraft Acquisition and Investment Summit is a landmark partnership between Fidelity Bank and Aircraft Finance Germany (AFG) aimed at supporting aircraft acquisition for Nigerian airlines.
The aircraft financing and leasing agreement is expected to position Nigeria’s aviation industry for significant growth by improving access to modern aircraft.
The collaboration combines AFG’s technical expertise in aircraft sourcing and leasing with Fidelity Bank’s financial strength to expand opportunities for local operators.
Executive Director of Fidelity Bank, Stanley Amuchie, described the deal as a major step toward transforming the sector.
“We’re bringing the technical know-how of AFG to our ability to finance,” he said, noting that the bank has already supported airlines such as Air Peace and Ibom Air, with plans to expand its aviation portfolio.
The agreement provides both financing and leasing options, enabling airlines to acquire aircraft under flexible payment structures. Industry stakeholders say this will improve fleet availability, reduce operating costs, and ultimately lower airfares for passengers.
Managing Director, Business Aviation and Senior Vice President Commercial at AFG, Christian Hatje, said the partnership would strengthen the global competitiveness of Nigerian airlines.
Also speaking, Director General of the Nigeria Civil Aviation Authority, Chris Najomo, described the initiative as a “game changer” for the industry.
Najomo said the development aligns with ongoing government efforts to strengthen the aviation sector, revealing that the authority has issued eight Air Operator Certificates (AOCs) since he assumed office, while also streamlining certification processes to encourage new entrants.
He expressed optimism that the deal would drive fleet expansion, attract new airlines, lower ticket prices, and positively impact aircraft insurance.
Industry analysts say the partnership signals growing investor confidence in Nigeria’s aviation sector and could accelerate the country’s ambition to become a major aviation hub in West Africa.
Beyond improving connectivity, the initiative is expected to create jobs, stimulate economic activity, and deepen the sector’s contribution to national development.
With Fidelity Bank’s experience in aviation financing and AFG’s global leasing expertise, stakeholders believe the partnership could mark a turning point for Nigeria’s airline industry.