As a means to cut cost, President Buhari has ordered the disposal of 9 VIP aircraft in the Presidential fleet,the Nigerian Presidential flight which is register under the Nigerian Airforce is the largest in Africa and the third largest after Arik and Aero contractors in Nigeria.
9 of the Aircraft which still have market value are to be sold immediately to reduce maintenance cost which cost the Federal government N12 billion annually.
The actual size of the Presidential fleet which is classified but believed to be about 16, comprise of Boeing 738 BBJ, NAF 001 or Eagle One, used by the president for his travels.
Configured to seat 25 to 50 passengers, a master bedroom, washrooms and showers, a conference, dinning area, and a living area,it's replacement will cost a $100m
Eagle One can spend 12 hours in the air, covering 11,489 kilometres or 6,200 nautical miles.
In addition to the Boeing 733 reserved for the president, the fleet boasts two Gulfstream 550 jets. The Gulfstream 550 can seat eight to 18 passengers, depending on the configuration, and has a cruiser range of 12,501 kilometres or 6,750 nautical miles. A new luxury Gulfstream 550 would cost an estimated $53.5 million.
The fleet also boasts two Dassault Falcon 900 jets, a Gulfstream IVSP, a Gulfstream V, a Dornier Do 228, which can carry 19 passengers, one Beechcraft King Air B200, and three AugustaWestland AW139 helicopters.
The two Dassault Falcon 7X jets were purchased for $51.1 million in 2010 while the Gulfstream 550 cost $53.3 million and the average price of the Falcon 900 at $35 million; Gulfstream IVSP at $40 million; Gulfstream V at $45 million; Cessna Citation at $7 million; and the Hawker Siddeley at $15 million.
All the aircraft are under the presidential fleet but about eight of the planes are reserved strictly for the president they are the Boeing 737, the two Gulfstream 550 jets, the Gulfstream V jet, two Falcon 7X planes, the Hawker Siddeley aircraft and one AugustaWestland chopper.
While the two Falcon 900 planes, the Dornier, the Cessna Citation, the Beechracft King Air, and two AugustaWestland choppers are reserve for executive airlift
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