Arik Air, West and Central Africa's largest airline and Emirate Touch Aviation Services Limited have signed a lease agreement for the airlines two Boeing 737-300 aircraft.
The Aircraft, Crew, Maintenance and Insurance (ACMI) agreement was signed in Lagos on Wednesday by the Chairman of Arik Air, Sir Joseph Arumemi-Ikhide and Director General of Emirate Touch Aviation Services, Prince Isa Bayero.
Under the terms of the agreement, Arik Air is leasing its two B737-300 aircraft (5N-MJA and 5N-MJB) to Emirate Aviation Services for cargo operations.
Speaking at the signing ceremony, Arik Air Chairman, Sir Arumemi-Ikhide said the event was significant because it marked the first time the airline was going into such an agreement with a Nigerian company.
Said Sir Arumemi-Ikhide: "We are pleased with this lease agreement with Emirate Touch Aviation Services represented by our revered Kano Prince, Bayero. As a world class airline, our mission is to build alliances and partnerships and thereby increase capacity in the industry."Prince Bayero said he was elated to be going into this partnership with the leading indigenous carrier in Nigeria and hoped this will help increase capacity in the industry as envisioned by the founders of Arik Air."This is a landmark agreement that will stimulate the growth of cargo operations in Nigeria and points beyond," Prince Bayero stressed.