Fidelity Bank Plc, Air Peace Sign Agreemant for new Boeing 737 Max aircraft

L – R: Country Director, Boeing West Africa, Mr. Lawrence Tolliver, US Consul General, Mr. John Bray, Chairman, Air Peace, Barrister Allen Onyema, MD/CEO,Fidelity Bank Plc, Mr. Nnamdi Okonkwo, Executive Director, Lagos & South West, Fidelity Bank, Mrs. Nneka Onyeali-Ikpe, and Director Boeing, Mr. John Fonvielle, during the agreement signing ceremony for the purchase of new 10 Boeing 737 Max B aircrafts by Air Peace, at the US Consulate in Lagos…Thursday

  Air Peace, Nigerian carrier, has signed a multi-million dollar agreement with aircraft manufacturers, the Boeing Company, for the purchase of 10 brand new B737 Max aircraft. The business deal would be financed by Fidelity Bank, Plc

The agreement was signed on Thursday at the United States Consulate in Lagos by the Chief Executive Officer of Air Peace, Mr Allen Onyema and Boeing Sales Director for West and Central Africa, Mr Larry Tolliver and witnessed by Mr. Nnamdi Okonkwo, Managing Director of Fidelity Bank. Plc

Confirming the business deal and its financing arrangement, Onyema said each of the Max B737 aircraft which would cost $113 million, was being financed by Fidelity Bank and they would be deployed for Air Peace international operations.

According to him, the addition of the new planes, which will be delivered soon by Boeing, will increase Air Peace fleet to 37 aircraft in less than four years of operation.

Onyema said: “We have just signed an order for 10 B737 aircraft from Boeing. We are interested in creating employment for our people because one of the aircraft can create 500 jobs.

US Consul General, Mr John Bray, said the agreement between both companies would further deepen the relationship between Nigeria and the US.

On his part, the Managing Director of Fidelity Bank, Mr Nnamdi Okonkwo, said Air Peace had proven its integrity in previous loans given to the airline by the bank.

He said: “We are proud to have Air Peace as a customer because the airline has integrity and has always paid ahead of time in previous aircraft purchases financed by Fidelity Bank.

“I know some airlines have gone down in the past due to huge indebtedness to banks, but I can tell you that Air Peace is not owing anybody, and this is because of the prudence of the airline’s management. ”