Over 60 Airlines Extinct In Nigeria– Operators
Airline Operators of Nigeria said yesterday that about 70 airlines have gone into extinction in Nigeria in the past few years and three others presently in operation may collapse in the coming weeks. Information Guide Nigeria
Speaking on behalf of AON at the ongoing National Aviation Conference organised by the Federal Airports Authority of Nigeria in Abuja, the Chairman, Air Peace, Allen Onyema, said though airlines had been interfacing with the Federal Government on the high cost of aviation fuel, the commodity had continued its northward price movement. THE PUNCH reports.
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On the concerns in the sector and how it had been affecting airlines, the AON official said, “There are so many issues in the aviation industry. Issues like high taxes are making airlines to be unprofitable here”. jamb results
“We pay excessive charges to the Nigerian Airspace Management Agency. Paying navigation charges is absurd for domestic operations. The mortality rate of airlines in Nigeria is alarming. Over 70 airlines have gone into extinction in the last few years.”
Commenting on the hike in the cost of Jet A1, Onyema said, “The current fuel crisis will take away three airlines in the next weeks. How do we make money in a situation where we pay salaries and charges to different aviation agencies?”
The jump in aviation fuel price as well as in the cost of diesel, which are both deregulated petroleum products, had led to the collapse of businesses both in the aviation and oil and gas sectors.
The National President, Natural Oil and Gas Suppliers Association, Bennett Korie, on Tuesday revealed that about 70 per cent of filling stations in Nigeria had closed shop due to the high cost of diesel.
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He explained that the outlets had to shut down operations following their inability to purchase diesel at the current N850/litre price to power their trucks needed to transport petrol to their various stations nationwide.