The Federal Government has place on sale about two-decade-old Boeing 737‑700 Business Jet (BBJ) with the listing hosted by AMAC Aerospace in Basel, Switzerland.

This follows the acquisition of Airbus A330 for the use of President Bola Tinubu. The A330 was acquired last year for $100m (over N150bn) amidst criticism over the high cost of the new Jet.

The Boeing 737-700 BBJ, which has been put on sale in Switzerland, was originally acquired during the Olusegun Obasanjo administration.

The old presidential aircraft is said to be undergoing inspections at AMAC Aerospace, Basel, according to public listings on Controller, a global aircraft sales platform.

The Presidency source said with over 19 years in service, the BBJ has become increasingly expensive to maintain and subject to safety scrutiny, particularly after a mechanical incident during an official trip to Saudi Arabia in April 2024.

The aircraft, used during the administration of former President Olusegun Obasanjo, and acquired for $43m in 2005, is being sold months after President Bola Tinubu transitioned to a refurbished Airbus A330-200 last August amid economic concerns and public scrutiny.

The plane had undergone inspections and maintenance in preparation for sale, according to aviation marketplace Controller.com.

Nigeria’s presidential air fleet, overseen by the Nigerian Air Force and the Office of the National Security Adviser, has about 10 aircraft.

These include fixed wings such as a 13-year-old Gulfstream Aerospace G550, Gulfstream G500, two Falcon 7Xs, a Hawker 4000, and a Challenger 605.

Three of the seven fixed wings are reportedly unserviceable.