Chief Executive Officer, Copterjet International Limited, Captain ToluwaVictor Olorunyomi, in this interview, said collaborative efforts between government and the private sector would expand airport infrastructure, boost services and bring to fruition, state-of-the-art airport facilities. Chinedu Eze presents the excerpts:
In terms of skills acquisition, there is real challenge in the industry. Is your company also focusing on that in terms of training? We will be able to ensure that we guide these airlines with the right leasing framework and also appraised their model to ensure that it fits into the right financing and leasing arrangement that is in place. This is because if they stack up and then they don’t have these correct structures in place, it is only a matter of time, they will go down and that has been the trend.
It depends on the business model, but it can work. It is always a very prudent approach to start by way of leasing, because it provides easy entry and easy exit. So it is a very good strategy. However, at some point depending on operational requirements and what is the objective, the medium-term and long-term objective of the operator is, and the viability, they might be looking at newer aircraft.
So we coming in to help airlines to review their processes and if there is a need for temporary or short to medium term credit injection into their system, to also enable them to establish that framework, make that arrangements in place. We can restructure their leasing arrangements, we can look at other programs that can match them to be able to grow and harness the capacity gap that is there in the industry. So, that is enough revenue line for them, which they are not optimising.