US EditionNigeria unveils new aircraft lease insurance rules
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Nigeria unveils new aircraft lease insurance rules
The Nigerian federal government has announced revised insurance regulations for leased aircraft that align with the Cape Town Convention to ease aircraft financing for local airlines. Aviation Minister Festus Keyama said in a statement that the revised policy allows local operators to cede up to 90% of insurance risk to international markets under certain conditions and improves Irrevocable Deregistration and Export Request Authorisation (IDERA)…
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