Govt votes N1.56b for 11th presidential
plane
Posted by: Nduka Chiejina, Abuja
in Featured, News 6 hours ago
A NEW plane is set to join the presidential
fleet.
The fleet’s 11th plane – is Gulfstream- is to
attract a N1.52million deposit, going by the
2014 budget.
The aircraft is expected to cost about N8
billion, according to industry sources.
The rest of the payment will be spread over
one, two or three years before the jet is built
and delivered.
The expenditure is part of the projected
spending contained in next year’s estimate,
which was laid before the National Assembly
last week by Finance Minister Dr. Ngozi
Okonjo-Iweala.
These items include: the completion of a
hanger, N405,500,000; Tyre bay tools and
equipment N106,000,000; Towberless tow
tractor for aircraft towing for N58,740,000;
hanger sweeper N31,870,000; luggage
conveyor belt truck N28,898,000; and Harlan
tow tug for aircraft equipment towing
N27,590,000.
Others are CCTV and surveillance equipment
for N18,000,000; aircraft tools and
equipment N11,480,000; battery workshop
equipment N5,050,000; complete tool box
for general works and vehicles N360,000;
heavy duty crocodile jacks N300,000;
aluminum ladder N285,000; safety boots
N52,500 and foldable ladder, N50,000.
The aircraft in the fleet of the PAF include
two Falcon 7X jets, two Falcon 900 jets, a
Gulfstream 550, one Boeing 737 BBJ
(Nigerian Air Force 001 or Eagle One) being
used exclusively by the President and a
Gulfstream IVSP, one Gulfstream V, Cessna
Citation 2 aircraft and Hawker Siddley
125-800 jet.
It is estimated that each of the Falcon 7X jets
bought in 2010 cost $51.1 million. The
Gulfstream 550 may have cost $53.3 million.
However, none of the aviation industry
Bluebooks will give the simple calculation
accuracy of how much an aircraft really
costs. A number of issues are responsible
for the difficulty in presenting a clear figure
for a make/model/year, of an aircraft to help
accurately determine how much it really
worth.
Some of the issues include: lack of central
reporting of aircraft sales for either tax or
licence requirements, the complexity of
individual aircraft value calculations, the
timing of sales (long timeframes from offer
to closing during which time the market can
go up or down substantially), multiple
synchronous closings for jet aircraft in
particular, international currency sales, and
non-disclosure-of-price terms included in
many transaction documents.

Source:akins56