Nearly four months after the Federal Government announced plans to sell the Presidential Boeing 737-700 Business Jet, the aircraft remains unsold.
According to Punch, this was confirmed through email correspondence with JetHQ, the U.S.-based aviation firm handling the listing.
JetHQ’s Market Research Assistant, Marinell Nuevo, stated that the jet “remains available,” while the firm’s Market Research Manager, Laurie Barringer, declined to reveal further details, citing confidentiality.
“We do not provide this kind of information to anyone but the direct owner of the aircraft. The only data we can provide is that the aircraft remains available for sale,” Barringer said.
Despite a follow-up email requesting details on behalf of Nigerian taxpayers, there has been no official response from the company.
The aircraft, which is currently managed by AMAC Aerospace in Switzerland, underwent major refurbishments in July 2024 at the company’s Basel facility. These included a complete overhaul of the first-class section, new cabin carpets, and full C1–C2 maintenance inspections.
The Boeing 737-700 BBJ, which can seat 33 passengers and eight crew members, is described as having had “one owner since new, always hangared.”
Aircraft valuation site aircraftcostcalculator.com pegs the average market price of a pre-owned Boeing BBJ at $56 million, depending on its condition and maintenance record.
The jet was originally purchased in 2005 under former President Olusegun Obasanjo for about $43 million, and has remained part of Nigeria’s Presidential Air Fleet since then.
In July 2025, President Bola Tinubu’s administration listed the aircraft for sale as part of its cost-cutting and fleet rationalisation drive, amid growing criticism over the high cost of maintaining multiple presidential jets.