gordonbarrett:
MRO (Maintenance, Repair and Overhaul facility). Will include a hanger, another apron for parking planes and extension of the taxi way to the facility.

That's a very good development

Certainly you can't know more than Allen who owns the airline and knows how to get partnerships and proper financing, judging by his recent acquisitions of brand new planes. Abi you think it's his personal money?

Moreover, you can't be talking about state government partnering with whoever to set up an MRO, for an airport you have continuously abused and refuse to acknowledge the importance. Abi we go build MRO without an airport?

mktinsight:


The state government could setup an MRO facility in partnership with Ethiopian and Air Peace to service some of the more common planes in the region such as the short haul 737 jets. Air Peace lacks the expertise and capital on its own. However it would be competing with Lagos which has the advantage of both Air and sea connectivity.

https://www.youtube.com/watch?v=OBnbezfbJSc

gordonbarrett:
Certainly you can't know more than Allen who owns the airline and knows how to get partnerships and proper financing, judging by his recent acquisitions of brand new planes. Abi you think it's his personal money?

Moreover, you can't be talking about state government partnering with whoever to set up an MRO, for an airport you have continuously abused and refuse to acknowledge the importance. Abi we go build MRO without an airport?

You don't need an airport for an MRO facility. But as a business venture it makes sense if you can organise it. Aero is the only company with a small MRO facility for 737 C check and it uses the expertise of Ethiopian Airlines.

Air peace on its own cannot finance a facility that costs hundreds of millions of dollars. Thats why onyema buys 20 year old 737 jets that cost only a few million dollars and leases others at high cost.

The market for aircraft maintenance in Nigeria is hundreds of millions of dollars a year. Like J said I have a classmate who is a pilot and for regular maintenance they go to Europe or the Middle East at high cost.

https://www.airfleets.net/ageflotte/Air%20Peace.htm

Average age of Air Peace fleet is 20 years.

Your inputs are not needed, take it back. You and your post are rejected because you are evil. Airpeace jets are brand new jets. NCAA even confirmed it, so your evil propaganda cannot sway us from knowing the fact.

[s]

mktinsight:
https://www.airfleets.net/ageflotte/Air%20Peace.htmAverage age of Air Peace fleet is 20 years.

[/s]

mktinsight:
https://www.airfleets.net/ageflotte/Air%20Peace.htm

Average age of Air Peace fleet is 20 years.

Ethiopian is 75 years old with full backing of their government. Airpeace is a private operator of 7 years old. There is no basis for comparing both. Every enterprise has a history of little beginnings . 7 years ago Airpeace started with old aircrafts. At least they’ve started bringing in new nee generation aircrafts. Ethiopian also had old aircrafts and started a fleet renewal program in 2012.
Regarding the recently acquired embraer aircrafts I’ll say that aviation is one of the most regulated sectors and you can trace the history of any aircraft. Those aircrafts were acquired new and delivered from the embraer factory in Brazil. Anybody spreading false news about that is just a hater

gordonbarrett:
Certainly you can't know more than Allen who owns the airline and knows how to get partnerships and proper financing, judging by his recent acquisitions of brand new planes. Abi you think it's his personal money?

Moreover, you can't be talking about state government partnering with whoever to set up an MRO, for an airport you have continuously abused and refuse to acknowledge the importance. Abi we go build MRO without an airport?

I’m not sure Airpeace is planning to build an MRO all alone. They need the right partnerships. There’s a lot of technical requirements that cannot just be met . Aero MRO specialises on 737 classics. From what I’ve seen Airpeace is phasing out that model of aircraft from their fleet thus an MRO based on the 737 classic model will be a waste for them. Most likely they’ll start with a facility that can take care of minor maintenance works (A and B checks) and gradually build capacity. Truth is Allen Onyema as a person has big dreams and Many who doubted many of the things he said he’ll do (including me) are beginning to learn how possible it is a achieve ones dream. In 2014 I was boarding an arik aircraft and saw three aircrafts parked at Lagos airport apron with the Airpeace logo. I rubbished them as one of the many airlines that will come and go. Same year fist nation and discovery air came . Today those two airlines are gone while Airpeace is still there. In 2020 even some pilots working at Airpeace openly criticised Allen Onyema with one saying Airpeace has almost all its 737 aircrafts grounded due to one maintenance issue or the other . The pilot said Airpeace wasn’t meant to survive more than 5 years and it is living on borrowed time. A few weeks later the pilots protested over covid-induced pay cuts with many leaving and commenting on how they’ll rather go work for an airline abroad. Today a good number of those pilots are back at Airpeace working. They couldn’t get flying jobs abroad. The new orders that some aviation analysts saw as newspaper orders have began to witness deliveries . Even FG and it’s agencies are beginning to take him seriously. He is the VP of the AON and is aggressively pursuing his dream.

PROUDIGBO:


You can tell this man is desirous to see Anambra develop quickly. Makes you wonder just what someone like Prince Arthur Eze is doing with all his billions of dollars...that is, besides dolling out cash to praise-singers and engineering strife in the state! Can anyone point to any world-class project he has done or is doing for his state?

Arthur Eze believes in deriving joy from praise singers coming to worship him and get handouts from him . He believes in everyone coming to him to boost his ego. Allen onyema beleives in building something that will empower his people where they can work and earn a decent income from. Two different ideologies

imaxdocuments:
Your inputs are not needed, take it back. You and your post are rejected because you are evil. Airpeace jets are brand new jets. NCAA even confirmed it, so your evil propaganda cannot sway us from knowing the fact.

[s][/s]

Fact

Mktinsight doesn't have commonsense, he is mentally challenged

abnot:

Ethiopian is 75 years old with full backing of their government. Airpeace is a private operator of 7 years old. There is no basis for comparing both. Every enterprise has a history of little beginnings . 7 years ago Airpeace started with old aircrafts. At least they’ve started bringing in new nee generation aircrafts. Ethiopian also had old aircrafts and started a fleet renewal program in 2012.
Regarding the recently acquired embraer aircrafts I’ll say that aviation is one of the most regulated sectors and you can trace the history of any aircraft. Those aircrafts were acquired new and delivered from the embraer factory in Brazil. Anybody spreading false news about that is just a hater

gordonbarrett:
Certainly you can't know more than Allen who owns the airline and knows how to get partnerships and proper financing, judging by his recent acquisitions of brand new planes. Abi you think it's his personal money?

Moreover, you can't be talking about state government partnering with whoever to set up an MRO, for an airport you have continuously abused and refuse to acknowledge the importance. Abi we go build MRO without an airport?

You said it all

mktinsight:


The state government could setup an MRO facility in partnership with Ethiopian and Air Peace to service some of the more common planes in the region such as the short haul 737 jets. Air Peace lacks the expertise and capital on its own. However it would be competing with Lagos which has the advantage of both Air and sea connectivity.

perfectly said

abnot:

Arthur Eze believes in deriving joy from praise singers coming to worship him and get handouts from him . He believes in everyone coming to him to boost his ego. Allen onyema beleives in building something that will empower his people where they can work and earn a decent income from. Two different ideologies

Arthur Eze is a criminal, he think because he has money people should worship him, but Igbos dont worship money and we dont do follow follow like other tribes.

[s]

mktinsight:


The state government could setup an MRO facility in partnership with Ethiopian and Air Peace to service some of the more common planes in the region such as the short haul 737 jets. Air Peace lacks the expertise and capital on its own. However it would be competing with Lagos which has the advantage of both Air and sea connectivity.

[/s]

Ignoramus always wants to talk like he has facts about his silly conjectures. Like you have been given access into Air Peace's bank account to know if they have the financial ability. How did you know that 737 is more popular than ERJ 145 in West Africa? Ethiopian airline knows the MRO in West Africa directly competes with their MRO which they intend West African airlines to continue using. Besides, why are you advising towards an airport you viciously attacked just because it's in Anambra and not your state?

Nobody needs your silly advice here. The airport has been completed without borrowing a penny. Go and cover your black face in shame!

abnot:

I’m not sure Airpeace is planning to build an MRO all alone. They need the right partnerships. There’s a lot of technical requirements that cannot just be met . Aero MRO specialises on 737 classics. From what I’ve seen Airpeace is phasing out that model of aircraft from their fleet thus an MRO based on the 737 classic model will be a waste for them. Most likely they’ll start with a facility that can take care of minor maintenance works (A and B checks) and gradually build capacity. Truth is Allen Onyema as a person has big dreams and Many who doubted many of the things he said he’ll do (including me) are beginning to learn how possible it is a achieve ones dream. In 2014 I was boarding an arik aircraft and saw three aircrafts parked at Lagos airport apron with the Airpeace logo. I rubbished them as one of the many airlines that will come and go. Same year fist nation and discovery air came . Today those two airlines are gone while Airpeace is still there. In 2020 even some pilots working at Airpeace openly criticised Allen Onyema with one saying Airpeace has almost all its 737 aircrafts grounded due to one maintenance issue or the other . The pilot said Airpeace wasn’t meant to survive more than 5 years and it is living on borrowed time. A few weeks later the pilots protested over covid-induced pay cuts with many leaving and commenting on how they’ll rather go work for an airline abroad. Today a good number of those pilots are back at Airpeace working. They couldn’t get flying jobs abroad. The new orders that some aviation analysts saw as newspaper orders have began to witness deliveries . Even FG and it’s agencies are beginning to take him seriously. He is the VP of the AON and is aggressively pursuing his dream.

You are right! Airlines don't build MROs alone. They partner with aircraft manufacturing companies that will send supervising engineers and original parts from their manufacturing base. Just like Ethiopian airlines MRO was co-managed with Boeing.

With the increasing Embraer airplanes in its fleet, Air Peace will likely partner with Embraer in setting up its MRO.

Perfectly said. You are always on point. Mktinsight has a mental problem

OreMI22:
[s][/s]

Ignoramus always wants to talk like he has facts about his silly conjectures. Like you have been given access into Air Peace's bank account to know if they have the financial ability. How did you know that 737 is more popular than ERJ 145 in West Africa? Ethiopian airline knows the MRO in West Africa directly competes with their MRO which they intend West African airlines to continue using. Besides, why are you advising towards an airport you viciously attacked just because it's in Anambra and not your state?

Nobody needs your silly advice here. The airport has been completed without borrowing a penny. Go and cover your black face in shame!

abnot:

I’m not sure Airpeace is planning to build an MRO all alone. They need the right partnerships. There’s a lot of technical requirements that cannot just be met . Aero MRO specialises on 737 classics. From what I’ve seen Airpeace is phasing out that model of aircraft from their fleet thus an MRO based on the 737 classic model will be a waste for them. Most likely they’ll start with a facility that can take care of minor maintenance works (A and B checks) and gradually build capacity. Truth is Allen Onyema as a person has big dreams and Many who doubted many of the things he said he’ll do (including me) are beginning to learn how possible it is a achieve ones dream. In 2014 I was boarding an arik aircraft and saw three aircrafts parked at Lagos airport apron with the Airpeace logo. I rubbished them as one of the many airlines that will come and go. Same year fist nation and discovery air came . Today those two airlines are gone while Airpeace is still there. In 2020 even some pilots working at Airpeace openly criticised Allen Onyema with one saying Airpeace has almost all its 737 aircrafts grounded due to one maintenance issue or the other . The pilot said Airpeace wasn’t meant to survive more than 5 years and it is living on borrowed time. A few weeks later the pilots protested over covid-induced pay cuts with many leaving and commenting on how they’ll rather go work for an airline abroad. Today a good number of those pilots are back at Airpeace working. They couldn’t get flying jobs abroad. The new orders that some aviation analysts saw as newspaper orders have began to witness deliveries . Even FG and it’s agencies are beginning to take him seriously. He is the VP of the AON and is aggressively pursuing his dream.

Air peace is not doing anything different from Aero, Dana, Arik all of whom ran into financial problems and scaled back. There is little money operating domestically and the competition for international flights is stiff. Green Airways which is backed by American Airlines is coming in. I wish Onyema well. Aviation is not an easy business especially in the thin market of Nigeria and Africa at large.

You are totally correct. Mktinsight has a mental problem, so don't take his words for it.

abnot:

I’m not sure Airpeace is planning to build an MRO all alone. They need the right partnerships. There’s a lot of technical requirements that cannot just be met . Aero MRO specialises on 737 classics. From what I’ve seen Airpeace is phasing out that model of aircraft from their fleet thus an MRO based on the 737 classic model will be a waste for them. Most likely they’ll start with a facility that can take care of minor maintenance works (A and B checks) and gradually build capacity. Truth is Allen Onyema as a person has big dreams and Many who doubted many of the things he said he’ll do (including me) are beginning to learn how possible it is a achieve ones dream. In 2014 I was boarding an arik aircraft and saw three aircrafts parked at Lagos airport apron with the Airpeace logo. I rubbished them as one of the many airlines that will come and go. Same year fist nation and discovery air came . Today those two airlines are gone while Airpeace is still there. In 2020 even some pilots working at Airpeace openly criticised Allen Onyema with one saying Airpeace has almost all its 737 aircrafts grounded due to one maintenance issue or the other . The pilot said Airpeace wasn’t meant to survive more than 5 years and it is living on borrowed time. A few weeks later the pilots protested over covid-induced pay cuts with many leaving and commenting on how they’ll rather go work for an airline abroad. Today a good number of those pilots are back at Airpeace working. They couldn’t get flying jobs abroad. The new orders that some aviation analysts saw as newspaper orders have began to witness deliveries . Even FG and it’s agencies are beginning to take him seriously. He is the VP of the AON and is aggressively pursuing his dream.

abnot:

Ethiopian is 75 years old with full backing of their government. Airpeace is a private operator of 7 years old. There is no basis for comparing both. Every enterprise has a history of little beginnings . 7 years ago Airpeace started with old aircrafts. At least they’ve started bringing in new nee generation aircrafts. Ethiopian also had old aircrafts and started a fleet renewal program in 2012.
Regarding the recently acquired embraer aircrafts I’ll say that aviation is one of the most regulated sectors and you can trace the history of any aircraft. Those aircrafts were acquired new and delivered from the embraer factory in Brazil. Anybody spreading false news about that is just a hater

Arik Air started like Air peace and today owes 350 billion naira worth of debt resulting in it being taken over by FGN AMCON. Domestic aviation is a low margin high cost business which is why its either heavily funded by government or banks take the consequences.

Ethiopian differs from air peace in that most of its revenue derives from the highly profitable international route not Lagos -Asaba or Abuja - Owerri. It has the expertise both managerial and financial to remain profitable and the discipline not to overextend.

I wish Onyema the best.

I

Allen does not need your "good wishes", because your wish is evil. No one is interested in your useless wish or advice, take it back, we don't need you nor your input. You remain a reject damaged goods.

[s]

mktinsight:

Arik Air started like Air peace and today owes 350 billion naira worth of debt resulting in it being taken over by FGN AMCON. Domestic aviation is a low margin high cost business which is why its either heavily funded by government or banks take the consequences.Ethiopian differs from air peace in that most of its revenue derives from the highly profitable international route not Lagos -Asaba or Abuja - Owerri. It has the expertise both managerial and financial to remain profitable and the discipline not to overextend.wish Onyema the best.
I

[/s]

Aptly stated.

abnot:

Ethiopian is 75 years old with full backing of their government. Airpeace is a private operator of 7 years old. There is no basis for comparing both. Every enterprise has a history of little beginnings . 7 years ago Airpeace started with old aircrafts. At least they’ve started bringing in new nee generation aircrafts. Ethiopian also had old aircrafts and started a fleet renewal program in 2012.
Regarding the recently acquired embraer aircrafts I’ll say that aviation is one of the most regulated sectors and you can trace the history of any aircraft. Those aircrafts were acquired new and delivered from the embraer factory in Brazil. Anybody spreading false news about that is just a hater

mktinsight:


Air peace is not doing anything different from Aero, Dana, Arik all of whom ran into financial problems and scaled back. There is little money operating domestically and the competition for international flights is stiff. Green Airways which is backed by American Airlines is coming in. I wish Onyema well. Aviation is not an easy business especially in the thin market of Nigeria and Africa at large.

Typical Yoruba man, no be only green air na red air, keep hating while we are progressing, you Yoruba brothers have started fighting themselves, Green air is noose diving, because of your silly attitude, you don't even know what's happening in your region, with you guys propaganda this is situation of Green air

Thank you brother. Mktinsight is an evil that was sent to this thread to cause confusion and derail our advancement but unfortunately for him, we bursted him and his evil propaganda, that's why he cannot have his way in this thread.

Mktinsight has failed to confuse us about the airport project, now he has moved to attack Airpeace because he is about to roll out his planes in Anambra international airport. How evil can just one person be. Tufia

post=105295930:

Typical Yoruba man, no be only green air na red air, keep hating while we are progressing, you Yoruba brothers have started fighting themselves, Green air is noose diving, because of your silly attitude, you don't even know what's happening in your region, with you guess propaganda this is situation of Green air

BeijinDossier:
Thank you brother. Mktinsight is an evil that was sent to this thread to cause confusion and derail our advancement but unfortunately for him, we bursted him and his evil propaganda, that's why he cannot have his way in this thread.

Mktinsight has failed to confuse us about the airport project, now he has moved to attack Airpeace because he is about to roll out his planes in Anambra international airport. How evil can just one person be. Tufia

Their people are known for bitterness, the anu is from Ogun state

post=105296131:

Their people are known for bitterness, the anu is from Ogun state

So anyone that doesn't follow your backward thinking is yoruba and from ogun state. You make me laugh. I guess you need Obianos money badly.

As for the infighting of green Africa Airways over the shareholding you should also post the fraud claims the FBI has on Onyema.

Mktinsight you have been rejected here, go and discuss about your state. Open your own thread and discuss alone whatever you wanna discuss. Your insistence on being on this thread, proves that you are on a mission. Every genuine person here has rejected you. It is very clear now to everyone where you are coming from. Take your evil post back, we don't need you nor your posts.

[s]

mktinsight:

So anyone that doesn't follow your backward thinking is yoruba and from ogun state. You make me laugh. I guess you need Obianos money badAs for the infighting of green Africa Airways over the shareholding you should also post the fraud claims the FBI has on Onyema.lD

[/s]

post=105296131:

Their people are known for bitterness, the anu is from Ogun state

This is very clear of where he is coming from. He can never have his way in this thread.

mktinsight:



Arik Air started like Air peace and today owes 350 billion naira worth of debt resulting in it being taken over by FGN AMCON. Domestic aviation is a low margin high cost business which is why its either heavily funded by government or banks take the consequences.

Ethiopian differs from air peace in that most of its revenue derives from the highly profitable international route not Lagos -Asaba or Abuja - Owerri. It has the expertise both managerial and financial to remain profitable and the discipline not to overextend.

I wish Onyema the best.

I

In its initial years it did nothing different from arik, dana and the rest. In fact arik started better because it started off with new planes which were more efficient than the old planes air peace started with. However there are certain factors that led to arik's huge debt profile some of which I'll outline.
1. Wrong Aircrafts- Arik ran domestic routes with Beoing 737NGs (700/800). These aircraft types are more profitable on regional routes with flight durations of 3-5 hours. Arik used these planes on short 40-45mins flights which made it impossible for them to generate the kind of revenue they ought to have generated. Also the engines of the 737NG are very expensive thus generating very little money on each cycle of lagos to abuja also made it hard for them to breakeven.

2. Wrong funding: Arik was getting its financing from Nigerian banks at 24% interest rate. In commercial aviation the margins are very low thus starting off at negative 24% percent already sets the airline for disaster.

3. Expatriate workforce : Many of arik's pilots/engineers were expats earning in dollars along with other perks that drove up their personnel expenses. There was no longterm plan of training young nigerian pilots and gradually filling up positions with the young pilots..

4. Dollar loan Naira revenue: The massive devaluation of 2014 drove up arik's debt profile. They were exposed to dollar loans which they took when the dollar sold for NGN157 and had to pay back at NGN380 to the dollars.

5. Diversion of funds: There was a clear cases of the airline's owner taking advantage of the huge cashflow seen in commercial aviation by diverting these funds out of the airline to other personal and business interests. This made them unable to meet their financial obligations to service providers.

6. Heathrow and JFK landing slots: These landing slots are some of the most expensive in the world. Kenya airways recently sold one of the landing slots at heathrow airport to oman air for $75 million. Running a point-to-point (Lagos to heathrow) service to heathrow was definitely going to lead to cash bleed.

7. Unfavorable wet-lease deal with Hi-Fly - Another avenue for cash burn.

8. Management team with limited knowledge of aviation business - The owner's son graduated from uni, worked at a bank for 3 years and joined arik afterwards as a director or even CEO. Can't remember exactly.

9. Poor government policies in Nigeria that made sure that cost was permanently higher than revenue. Every airline operator today ought to know these and know that if arik could go down there businesses could also go down if they repeat the same mistakes arik made. At least the FG has taken away custom duties from all their imports and also granted VAT waiver on tickets. Also CBN now has a window where they can borrow at single digit interest rates. I wish them all the best and hope that they don't get carried away by the huge cashflow