Wednesday 5 March 2014

Private Jet Lifestyle in Nigeria

A private jet in Lagos, Nigeria (February 2014)

Via BBC

Nigeria's rich elite are increasingly buying private jets to avoid flying on commercial airlines, reports the BBC's Tomi Oladipo from Lagos.
"There's an average of nine aircrafts fixed here in the hangar," says Peter de Waal of ExecuJet Aviation Nigeria, looking across at a line of sleek jets, as a team of engineers works on them.

ExecuJet provides a hangar and is authorised by major aviation companies to provide maintenance services for business aircrafts, attesting to the rapid growth of the private aircraft industry in Nigeria.
"Maintenance was done in Europe and the United States, but our services here can help save time and an enormous cost," Mr De Waal told the BBC.

Travelling on Nigeria's commercial airlines, even in business class, can be problematic, with frequent delays and rerouting causing an inconvenience for everyone, including those for whom time is money.


Travelling on Nigeria's commercial airlines, even in business class, can be problematic, with frequent delays and rerouting causing an inconvenience for everyone, including those for whom time is money.
The inside of a jet in Lagos, Nigeria (February 2014)A private plane is upholstered according to its owner's tastes
A polished dark wood trim sets the mini-bar apart from the rest of the cream interior with grey leather seats.
The passenger area is divided into several parts, including a general area with four seats, a business meeting area also with seating for four, an enclosed area with a large couch that can be converted into a bed, and a small bathroom at the back of the plane.
It is all made to the taste of the owner, a billionaire businessman, who asks not to be identified.
The planes are also mostly registered abroad, mainly in the US, Bermuda, the Channel Islands, the Isle of Man and Mauritius.
Some industry insiders think owners prefer such arrangements as aircrafts lose their resale value if they are registered in Nigeria because of doubts over maintenance standards.
Luxury jet tax axed
It is difficult to ignore the tens of millions of Nigerians who cannot afford commercial air travel, not to mention owning aircrafts.
People navigate through the waterways of the Makoko slum in Lagos, Nigeria on 30 August 2012Many Nigerians have never flown in their lives
A view of buildings in the Victoria Island district of Lagos (29 October 2013) Victoria Island is a plush area in Nigeria's commercial hub of Lagos
Nigeria is achieving steady economic growth but the general perception is that few are benefiting from this boom apart from its more than 500 people with estimated assets of above $50m.
For those who are not quite able to afford their own planes, Nigeria's chartered flights business is also booming, attracting international companies such as Hanger8 and VistaJet.
The growth of the air transport industry and the economy has led business aviation manufacturers like Beechcraft Corporation into the African market, with Nigeria as a key focus.
"We have seen a large number of deliveries of business aircraft across the continent over the past decade," say Scott Plumb, Beechcraft's vice-president of sales for Europe, Middle East and Africa.
"We fully expect this trend to continue as a greater number of entrepreneurs and corporate entities seek to take advantage of the benefits of business air travel on the back of Africa's strong economic growth."
Cultural peculiarities also make it to the runway, with huge entourages of friends and aides swarming around Nigeria's larger-than-life VIPs.
"You can sometimes see five or six cars at the same time to receive one person," Mr De Waal says.
In October 2013, the Nigerian Airspace Management Authority introduced a luxury tax of about $3,000 for every departure of a private jet.
The jet owners responded by saying it was unfair and the senate soon ordered a suspension of the levy - a sign of the political influence of Nigeria's wealthy businessmen and women.

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