Skip to content
September 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Air Peace loses $15m to disruptions as lessor withdraws aircraft
  • National News

Air Peace loses $15m to disruptions as lessor withdraws aircraft

Admin November 14, 2025
Air Peace burst tyre

Air Peace

Nov. 14, 2025

Air Peace Ltd. has attributed sudden disruptions in its domestic operations to ‘illegal’ withdrawal of three aircraft by its wet lessor, Smartlynx Airlines.

The airline said on Friday that the disruptions cost it 15 million U.S. dollars.

The Chief Commercial Officer at Air Peace, Mr. Nowel Ngala, disclosed this at a news conference in Lagos.

According to Ngala, Air Peace has experienced a number of operational disruptions, resulting in flight delays and cancellations.

He said that Air Peace entered a wet-lease agreement with Smartlynx because 13 of its aircraft were undergoing scheduled maintenance abroad.

According to him, to avoid service gaps and ensure Nigerians would continue to travel conveniently, the airline leased aircraft from SmartLynx.

He said that the sudden withdrawal of the three aircraft was illegal and a breach of contract.

Ngala said that the withdrawal inflicted financial loss and reputational damage to Air peace and the Nigerian travelling public.

“This withdrawal was done without prior notice. It is a clear violation of industry standards and of an agreement between both parties.

“What makes this even more concerning is that SmartLynx had collected money upfront from Air Peace.”

He said that the lessor claimed that the owners of the aircraft wanted them withdrawn.

“Over five million dollars of our money including over a million dollars paid as security deposits for those aircraft are with them (SmartLynx).

“This situation has caused over 15 million dollars in damages to Air Peace. These aircraft had already been rostered for scheduled flights, and their sudden removal created significant gaps in our operations,” he said.

Ngala said that Air Peace had released three of the aircraft to the owners in good faith.

According to him, one more aircraft remains, and the airline is requesting for refund.

He said that was not the first time Air Peace was placed in a difficult situation by a lessor.

According to him, a lessor had ‘vanished’ with over two million dollars from Air Peace in the guise that it was taking leased aircraft for maintenance.

He said that the aircraft was never returned and the fund unaccounted for.

“These actions, unfortunately, reflect the challenges Nigerian carriers often face in international leasing arrangements. We cannot allow that to happen again,” he said.

According to Ngala, in spite of the challenges, Air Peace has completed its aircraft maintenance and two have arrived for services.

He said that the airline hoped to resume full operations across all its routes from next week as more of its aircraft would return.

He said: “We regret the difficulties our passengers have experienced, and we appreciate their patience and understanding throughout this period.

“Air Peace remains firmly committed to providing safe, reliable and world-class flight services.

“We assure the Nigerian public that we are taking every necessary step to prevent such disruptions in the future and to hold all defaulting partners accountable.”

Ngala said that the airline’s London flights had not been disrupted. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Air Peace Mr. Nowel Ngala

Post navigation

Previous Lamido: Court suspends PDP convention scheduled for Ibadan
Next .NG Domain: NiRA rolls out security upgrade

Related Stories

CBN elevates terrorism financing supervision to priority
  • National News

CBN elevates terrorism financing supervision to priority

September 8, 2026
Bandits ​‌‌‌⁠‍‍⁠⁠‌‍‍‌‌‍‍‌‍‌​abduct Kaduna lawmaker’s brother, kill 3 Vigilante Personnel Ecommerce
  • National News

Bandits ​‌‌‌⁠‍‍⁠⁠‌‍‍‌‌‍‍‌‍‌​abduct Kaduna lawmaker’s brother, kill 3 Vigilante Personnel

September 8, 2026
Google ​‌‌‌⁠‍‍⁠⁠‌‍‍‌​⁠⁠⁠⁠‌​warns against using AI as shortcut to learning Google
  • National News

Google ​‌‌‌⁠‍‍⁠⁠‌‍‍‌​⁠⁠⁠⁠‌​warns against using AI as shortcut to learning

September 8, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

CBN elevates terrorism financing supervision to priority
  • National News

CBN elevates terrorism financing supervision to priority

September 8, 2026
Kano Govt to Establish Military Bases in Border LGAs to Boost Security Kano
  • Metro News

Kano Govt to Establish Military Bases in Border LGAs to Boost Security

September 8, 2026
Bandits ​‌‌‌⁠‍‍⁠⁠‌‍‍‌‌‍‍‌‍‌​abduct Kaduna lawmaker’s brother, kill 3 Vigilante Personnel Ecommerce
  • National News

Bandits ​‌‌‌⁠‍‍⁠⁠‌‍‍‌‌‍‍‌‍‌​abduct Kaduna lawmaker’s brother, kill 3 Vigilante Personnel

September 8, 2026
Google ​‌‌‌⁠‍‍⁠⁠‌‍‍‌​⁠⁠⁠⁠‌​warns against using AI as shortcut to learning Google
  • National News

Google ​‌‌‌⁠‍‍⁠⁠‌‍‍‌​⁠⁠⁠⁠‌​warns against using AI as shortcut to learning

September 8, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.