Checkout magazine learnt during the weekend that three jets in the Presidential Air Fleet (PAF) are to be sold off.
According to an official, this is part of the cost-saving measures being adopted by the Tinubu Administration.
There are 10 aircraft in the fleet – six jets and four helicopters – which will be cut to seven if the planned action sails through.
During the administration of President Muhammadu Buhari, the plan to sell two planes in the fleet did not materialise.
In October 2016, a Dassault Falcon 7x executive jet and a Beechcraft Hawker 4000 business jet were put up for sale.
The preferred bidders who initially agreed to pay $ 24 million for the two aircraft, later reduced their offer to $ 11 million. This was rejected by the then government.
Not less than N80 billion has been budgeted for the PAF as maintenance cost, as follows: 2016 (N3.65 billion), 2017 (N4.37 billion), 2018 (N7.26 billion), 2019 (N7.30 billion), 2020 (N6.79 billion), 2021 (N12.55 billion), 2022 (N12.48 billion) and in 2023 about N25.7billion, made up of N13billion in the budget and N12.7billion in the 2023 Supplementary Budget.
But President Tinubu is said to be uncomfortable with the rising cost of maintenance, hence his directive to reduce the fleet.
A top source, who spoke in confidence, said: “The President is uncomfortable with the rising cost of maintaining the planes.
“Three planes have been pencilled down for disposal.
“The main reason is cutting down high maintenance costs.
“I think officers in PAF were particularly concerned about the frequency of maintenance and how much it costs the nation.
“The President decided to let off the aircraft that constitute the most burdensome.”
