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70 Airlines Extinct In Nigeria, Three May Collapse Soon – Operators Reveal

70 Airlines Extinct In Nigeria, Three May Collapse Soon – Operators Reveal

The Airline Operators of Nigeria stated on Wednesday that over 70 airways have gone into extinction in Nigeria up to now few years and three others at present in operation could collapse within the coming weeks.

AON attributed the incessant collapse of airways in Nigeria to the extreme expenses confronting operators within the sector, amongst different considerations.

It, nonetheless, defined that the most important purpose able to crumbling the operations of airways at present was the excessive value of aviation gas, popularly known as Jet A1.

Speaking on behalf of AON on the ongoing National Aviation Conference organised by the Federal Airports Authority of Nigeria in Abuja, the Chairman, Air Peace, Allen Onyema, stated although airways had been interfacing with the Federal Government on the excessive value of aviation gas, the commodity had continued its northward worth motion.

On the considerations within the sector and the way it had been affecting airways, the AON official stated, “There are so many points within the aviation trade. Issues like excessive taxes are making airways to be unprofitable right here.

“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 price of Jet A1, Onyema stated, “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 leap in aviation gas worth in addition to in the price of diesel, that are each deregulated petroleum merchandise, had led to the collapse of companies each within the aviation and oil and fuel sectors.

The National President, Natural Oil and (*70*) Suppliers Association, Bennett Korie, on Tuesday revealed that about 70 per cent of filling stations in Nigeria had closed store as a result of excessive value of diesel.

He defined that the shops needed to shut down operations following their incapability to buy diesel on the present N850/litre worth to energy their vans wanted to move petrol to their varied stations nationwide.

In the aviation sector, Onyema additionally famous on the ongoing convention that the hike in aviation gas worth was placing extreme pressure on the operations of airways. He, nonetheless, revealed that the Federal Government had given home airline operators some volumes of Jet A1.

“That is why we ran to the government and the Federal Government has given us about 10,000 metric tonnes of fuel at the cost of N580/litre in Lagos and about N607/litre outside Lagos,” he acknowledged.

The Air Peace boss added, “This shouldn’t be the one challenge. Since the COVID-19 disaster, most airways everywhere in the world, together with Nigeria haven’t recovered from COVID-19, besides these whose international locations have injected a lot funds to help airways.

“This is nobody’s fault. It just happened. The government has tried its best by giving us this aviation fuel. This aviation fuel can take airlines out, not only in Nigeria but everywhere in the world.”

Onyema additional famous that some airways exterior Nigeria had closed down due to the results of rising aviation gas, including that the considerations ought to be addressed in Nigeria to keep away from affecting the underside line of all airways in Nigeria.

The rise in world crude oil costs had warranted a hike in the price of refined petroleum merchandise internationally, a scenario that had additionally heightened inflation in lots of international locations, together with Nigeria.

Also talking on the price of Jet A1, the Chairman, United Nigeria Airlines, Obiora Okonkwo, informed journalists in Abuja that the federal government had listened to home airways as regards the priority.

He stated, “The authorities of the day was very magnanimous, type, listened to us (home airways) and put a variety of issues in movement to handle the influence of the aviation gas worth improve.

“We are very completely happy and grateful to them however the fact of the scenario is that these initiatives taken are nonetheless on the implementation stage. It has not been totally applied, so we’re not feeling the influence but.

“Aviation fuel has continued to rise but I can tell you that some of those promises have been implemented and the impacts, we hope, we will feel soon.” 

The hike in aviation gas worth additionally triggered a leap in the price of airfares just lately, as a one-hour flight ticket that earlier offered for a mean of N30,000 rose to N50,000 as this was applied by all home carriers.

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