ExecuJet, part of the Luxaviation Group, is
announcing the approval of a free trade zone at its MRO facility in Lagos,
Nigeria, with customers set to save 10-15% or more on supply and maintenance
services.
The free trade zone (FTZ) means that parts and
services, which previously would have incurred VAT and costs from customs
authorities, will now be exempt from these charges. ExecuJet will be passing
this substantial saving onto customers.
The agreement also allows the company to keep
consignment stock for a number of OEMs, which means quicker turnaround for parts
- a bonus which will benefit both business aviation operators and regional
airlines in Nigeria.
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ExecuJet's Lagos FBO |
Gavin Kiggen,
Vice President Africa, ExecuJet, says: “Obtaining the FTZ took approximately two
years, during which time the ExecuJet team had to demonstrate how the FTZ would
benefit Lagos and Nigeria as a whole. We’re very proud to now announce the
approval of the FTZ in Lagos, and the successful negotiation of zero VAT and
zero duties for ExecuJet customers.
“The FTZ is the latest addition to our
services in Nigeria, after we welcomed a number of manufacturers to our facility
in 2017. Our MRO in Lagos is on an exciting trajectory, and we expect this to
continue as we serve our customers with ever-more competitive pricing to match
the quality, performance and efficiency that ExecuJet demonstrates on a local
and a global scale.”
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