Connect with us

Business

Air Peace Operations Disrupted Nationwide as Lessor Withdraws Aircraft

Air Peace says SmartLynx Airlines abruptly withdrew multiple wet-leased aircraft, triggering nationwide delays, cancellations, and millions of dollars in losses.

Published

on

Air Peace aircraft
Air Peace craft
  • Air Peace says SmartLynx Airlines abruptly withdrew multiple wet-leased aircraft, triggering nationwide delays, cancellations, and millions of dollars in losses.

Air Peace has accused SmartLynx Airlines of abruptly and unlawfully withdrawing several wet-leased aircraft from its fleet, causing widespread flight delays and cancellations across Nigeria in the past week.

During a press briefing at its Lagos office on Friday, the airline’s Chief Commercial Officer, Nowel Ngala, explained that Air Peace entered a wet-lease agreement with SmartLynx because 13 of its aircraft are undergoing scheduled maintenance abroad.

“To avoid service gaps and ensure Nigerians could continue to travel conveniently, Air Peace leased aircraft from SmartLynx during peak travel periods,” Ngala said.

Ngala stated that the disruptions began when SmartLynx withdrew four wet-leased aircraft without prior notice, which he described as a violation of global aviation leasing standards and a breach of their contractual agreement.

He alleged that SmartLynx had collected upfront payments from Air Peace despite knowing the rightful owners were planning to repossess the aircraft due to SmartLynx’s default on payments.

Advertisement

The CCO revealed that over $5 million, including security deposits exceeding $1 million, is still with SmartLynx, while Air Peace has suffered over $15 million in damages as a result of the disruptions. The affected aircraft had already been rostered for scheduled flights, and their sudden removal created major operational gaps.

VN62

Ngala added that other airlines worldwide who leased aircraft from SmartLynx also experienced similar issues, signaling what he called a pattern of unprofessional behavior.

“We consider this a serious breach of contract—fraudulent and a premeditated scheme that has caused financial and reputational damage not only to Air Peace but to the Nigerian traveling public we serve,” he said.

DON’T MISS: CBN Releases Updated List of Banks Paying Customers the Highest Savings Interest Rates

He further noted that Air Peace has already released three of the aircraft to their rightful owners in good faith, while one remains pending. The airline is now demanding a refund of its funds.

Advertisement

Ngala also recalled a previous case involving Syphax Airlines of Tunisia, which allegedly collected over $2 million from Air Peace and never returned the leased aircraft after claiming it was being taken for maintenance.

“These incidents highlight the challenges Nigerian carriers often face in international leasing arrangements. We cannot allow this to happen again,” he said.

Despite the setbacks, the CCO confirmed that some of Air Peace’s aircraft that went abroad for maintenance have returned.

“Two aircraft have already arrived. Beginning next week, we expect to resume full operations across all our routes as more aircraft return,” he assured.

Advertisement
VN62

Ngala apologized to passengers for the inconveniences experienced and expressed appreciation for their patience.

“Air Peace remains committed to providing safe, reliable, and world-class flight services. We are taking all necessary steps to prevent future disruptions and to hold defaulting partners accountable,” he said.

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

obiano obiano
News1 hour ago

“I’m Alive and Well”: Ex-Anambra Governor Willie Obiano Breaks Silence on Death Rumour

A former commissioner and close associates have dismissed social media rumours claiming that ex-Governor Willie Obiano has died.

Air Peace aircraft Air Peace aircraft
Business1 hour ago

Air Peace Operations Disrupted Nationwide as Lessor Withdraws Aircraft

Air Peace says SmartLynx Airlines abruptly withdrew multiple wet-leased aircraft, triggering nationwide delays, cancellations, and millions of dollars in losses.

wike yerima wike yerima
Politics2 hours ago

‘I Didn’t Say That’: Wike Denies Calling Naval Officer Yerima a Fool

Minister Nyesom Wike has refuted claims that he called a naval officer a “fool” during a viral confrontation....

TINUBU SIGNS TINUBU SIGNS
News2 hours ago

FG Signs Data-Sharing Deal with 100+ Countries to Track Nigerian Remote Workers, Online Income Earners

Chairman of the Tax Reform Committee, Taiwo Oyedele, says Nigeria has entered agreements with over 100 countries to obtain financial...

Tinubu signing Tinubu signing
Politics3 hours ago

BREAKING: President Tinubu Makes Fresh Appointment

President Bola Tinubu has renewed the appointment of Brig.-Gen. (rtd.) Mohammed Buba Marwa as chairman of the NDLEA for another...

caf president caf president
Sports3 hours ago

CAF Announces Free e-Visa for Fans Attending AFCON 2025

In a major boost ahead of the AFCON 2025 tournament, CAF and the Morocco Local Organising Committee have announced free...

PDP court gavel 2 PDP court gavel 2
Politics3 hours ago

BREAKING: Court Stops PDP Convention Again, Issues Final Order to INEC

A Federal High Court in Abuja has stopped the Peoples Democratic Party (PDP) from holding its 2025 national convention...

obiano obiano
News4 hours ago

BREAKING: Former Anambra Governor Willie Obiano is Dead, Cause of Death Revealed

Former Anambra State Governor Willie Obiano has reportedly died in London.

Senate Approves Death Penalty For Drug Traffickers Senate Approves Death Penalty For Drug Traffickers
Politics14 hours ago

Senate Demands Answers as Stamp Duty Revenue Probe Targets Banks, FIRS, Governors

The Senate has launched an investigation into the generation and utilization of stamp duty revenue across the country...

NIG NIG
Sports14 hours ago

Super Eagles Ratings: Who Played Best as Nigeria Beat Gabon 4–1 to Reach World Cup Playoff Final?

Nigeria defeated Gabon 4–1 in extra time to book a place in the 2026 World Cup qualifying playoff final, with...

Advertisement