The Chief Operating Officer (COO) of Bi-Courtney Aviation Services Limited (BASL), operators of Murtala Muhammed Airport Terminal 2 (MMA2), Mr. Remi Jibodu, has lauded the federal government’s implementation of the Cape Town Convention (CTC), emphasizing that the policy will significantly enhance aviation capacity in Nigeria.
Mr. Jibodu made these remarks during a courtesy visit by the executive members of the League of Airport and Aviation Correspondents (LAAC) to BASL’s headquarters at MMA2, Lagos, on Tuesday.
He highlighted that the CTC would facilitate airlines’ access to dry lease agreements, easing the burden of aviation equipment financing, reducing costs, and enabling greater utilization of local crew instead of relying on foreign personnel.
“When you look at most of the aircraft that were brought in around November and December last year, you would notice they were acquired at relatively lower costs due to the season. However, the financial strain remains significant, and some airlines have had to return their aircraft due to difficulties in meeting lease agreements,” Jibodu explained.
He pointed out that high interest rates and inflation present further challenges to airlines trying to secure funding. “Unless you have private funds, obtaining financial support from local institutions is nearly impossible, with interest rates soaring above 30 percent and inflation at approximately 24.7 percent,” he noted.
According to Jibodu, dry leasing offers a sustainable approach for airlines, allowing them to retain existing crew members, develop local pilots, increase revenue, and create more employment opportunities in the sector.
While acknowledging the need for enhanced aviation capacity, Jibodu emphasised the importance of balancing flight routes.
He observed that certain routes, such as Lagos, Abuja, and Port Harcourt, are heavily utilized, while others remain underdeveloped.
To address this imbalance, he urged the government to establish trade centers at various airport locations to stimulate economic activities. “If airlines introduce more capacity, they must be confident that passenger demand will meet supply. Establishing trade centers will help bridge this gap by enhancing economic activities and ensuring airports serve as essential commercial hubs,” he stated.
Discussing BASL’s strategic initiatives, Jibodu highlighted the company’s efforts to optimize the vast space available at MMA2. Over the past two years, the terminal has experienced significant growth, with over 100 tenants operating within its premises, including banks and retail outlets.
“We are not just an airport or an airline terminal; we are evolving into a comprehensive commercial hub. Another bank is set to open a branch here soon, adding to the economic vibrancy of MMA2,” he revealed.
He also disclosed that the terminal welcomes between 10,000 and 15,000 passengers and visitors daily. With such high foot traffic, he called on the government to further invest in infrastructure expansion and economic incentives to bolster aviation and commercial activities.
On the subject of cargo transportation, Jibodu expressed BASL’s commitment to strengthening Nigeria’s cargo chain, citing the company’s investment in cold storage facilities.
“We recognize the risks associated with transporting goods by road, and that’s why we initiated the cold storage project last year. Now, we are working towards developing a dedicated freighter system and are in discussions with potential investors to expand this business. This will enable efficient distribution of goods across Nigeria,” he added.
Reflecting on BASL’s 18-year management of MMA2, Jibodu asserted that the company has the expertise and experience to manage additional airports across Nigeria and even beyond.
“Having successfully operated MMA2 for nearly two decades, we believe we should be given the first right of refusal for managing any new airport in Nigeria. Our track record speaks for itself, and we are confident in our ability to replicate this success elsewhere, even across West Africa,” he stated.
Providing insights into passenger traffic trends at MMA2, Jibodu noted fluctuations due to economic factors. “From April last year, traffic was lower than usual, particularly after Dana Air exited operations. However, the situation improved in October, and overall, traffic has been better compared to 2023,” he said.
He acknowledged the recent stabilization of foreign exchange rates, which has helped ease financial uncertainties in the aviation sector. “The exchange rate has settled around 1,400 naira per dollar, offering some relief compared to previous months of unpredictable fluctuations,” he observed.
Jibodu expressed optimism that with increased productivity and proactive economic policies, 2025 could be a “fantastic year” for the industry.
LAAC Chairman Commends BASL’s Efforts
Speaking on behalf of LAAC, Chairman Idris Suleiman commended BASL for its commitment to efficient terminal management and passenger facilitation.
He urged the company to sustain its efforts in ensuring seamless passenger experiences.
“Passenger comfort is paramount in aviation, and we encourage the terminal management and airlines to maintain their collaborative approach in providing efficient and timely services,” he stated.
Suleiman further praised MMA2 as a model of private-sector airport management in Africa and urged BASL to continue improving its facilities and processes.
“On behalf of LAAC, we pledge our support and look forward to a mutually beneficial relationship with BASL,” he concluded.
