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Nigeria: Fidelity Bank Applauds Air Peace’s financial discipline; restates commitment to deepen partnership

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FIDELITY Bank Nigeria Plc has praised the financial discipline of Nigeria’s largest airline, Air Peace, and reaffirmed its commitment to continue to cooperate with the airline.

Mrs Nneka Onyeali-Ikpe, Managing Director, Fidelity Bank Plc, announced this while speaking during the ceremony for the arrival of Air Peace’s third Embraer 195-E2 on Thursday in Abuja.

She said when the airline announced plans to buy 13 brand new aircraft from Embraer, she thought it was a joke, knowing how expensive the aircraft could be, but the bank worked with the airline to make that a reality.

The bank’s chief executive, Onyeali-Ikpe, said since Air Peace first partnered with the bank seven years ago, the airline has shown high fiscal discipline and prudence, allowing it to go as far as it wants to go with Air Peace.

According to her, the bank assured the airline that it would continue to collaborate with it, adding that it was pleased with the airline’s success.

“It is a major success for a local player to have the level of financial discipline that this company has. So I commend you, and we will work with you all the way to any level that you want. I also want to thank the staff of Air Peace and celebrate with Mr Allen Onyeama; he is the strength behind all of these. We are here today to welcome the third aircraft. We have collaborated with Air Peace for so long and I can tell you that with determination and commitment, the vision and purpose that there is nothing you cannot surmount,” she said.

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During his remarks, Senator Ifeanyi Ubah, representing Anambra South Senatorial District, acknowledged that doing business in Nigeria has become more difficult, particularly in the aviation industry, noting that many operators are discouraged from upgrading their planes because of the high costs.

He however commended Allen Onyema for being an astute businessman and the only operator still bringing in new aircraft.

He said the South-East zone would continue to support Air Peace because it represents the Nigerian flag.

He added that he is in dialogue with the Turkish Ambassador about the possibility of Air Peace exploring Turkish airspace, adding that this would be an added benefit to the airline.

Taking this into account, he assured that the government will continue to make the necessary laws to ensure the smooth operation of local airlines in the future.

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