Copterjet Completes Recapitalization Ahead of NCAA Regulatory Deadline

Copterjet International Limited is pleased to announce the successful completion of its recapitalization programme, achieving the ₦1.5 billion minimum share capital requirement prescribed by the Nigerian Civil Aviation Authority (NCAA) under the Nigerian Civil Aviation Regulations (Nig.CARs) 2023 (as amended), well ahead of the regulatory deadline of 31st December 2025.

The successful recapitalization underscores Copterjet's unwavering commitment to regulatory compliance, sound corporate governance, financial resilience, and long-term sustainability. It further strengthens the Company's strategic position to expand its aviation services portfolio while supporting the evolving needs of Nigeria's and Africa's aviation industry.

Commenting on the milestone, Captain Toluwa V. Olorunyomi, Group Chief Executive Officer of Copterjet International Limited, stated:

"This milestone reflects our enduring commitment to building a resilient, well-capitalized, and globally competitive aviation enterprise. Beyond regulatory compliance, it reinforces the confidence of our shareholders, partners, and stakeholders in our long-term vision of advancing Africa's aviation ecosystem through innovation, operational excellence, and sustainable growth."

The recapitalization marks another significant step in Copterjet's corporate growth journey and aligns with its broader strategy of strengthening institutional capacity, expanding strategic partnerships, enhancing service delivery, and driving investment across aviation, aerospace supply chain, aircraft leasing, logistics, and infrastructure development.

As the Company continues to scale its operations, Copterjet remains steadfast in its mission of bridging Africa's aerospace supply chain ecosystem while delivering safe, efficient, and sustainable aviation solutions that create lasting value for customers, partners, investors, and the wider industry.

...together we RISE towards aviation excellence.