Nigerian Airlines May Shut Down Operations As Aviation Fuel Hits N714 Per Litre

Nigerian Airlines May Shut Down Operations As Aviation Fuel Hits N714 Per Litre

In what’s going to come throughout as a very distressing growth, the Airline Operators of Nigeria (AON) has raised fears that three airways within the nation could quickly shut down operations because of the excessive value of aviation gas which has hit N714 per litre.

Allen Onyema, the Vice-President of AON, made this recognized on Tuesday whereas talking on the Federal Airports Authority of Nigeria National Aviation Conference in Abuja.

Though he didn’t point out the three airways, he defined that interventions by the Nigerian Government and the National Assembly have didn’t resolve the disaster as the worth of Jet A1 continues to skyrocket, Daily Trust experiences.

Onyema who can be the chairman of Air Peace stated, “If nothing is done concerning the cost of aviation fuel, the fuel crisis will take away three airlines in Nigeria in a few weeks.”

He defined that though the gas disaster will not be restricted to Nigeria, it was made worse by the depreciating worth of the naira in opposition to the greenback.

According to him, Nigerian authorities had permitted 10,000 metric tonnes of gas for the airways at N580 per litre in Lagos and about N607 per litre exterior Lagos. He, nevertheless, stated the carriers have been but to entry it.

“This will not be the one subject. 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 them.

“This is no one’s fault. It simply occurred. The authorities has tried its greatest by giving us this aviation gas. This aviation gas can take airways out, not solely in Nigeria however in all places on the planet.

“Some airways exterior Nigeria have closed down due to the results of rising aviation gas. If this stuff usually are not addressed in Nigeria, it could actually have an effect on the underside line of all airways in Nigeria.

“We have come to grasp that there’s little or nothing the committee arrange can do as a result of that is because of overseas alternate and the worth of oil everywhere in the world now.

“The fuel marketers will sell according to what they are paying. The cost of aviation fuel has increased, even in London and every other country. Our own is worse because of the increase in foreign exchange.”

In May, the proposed strike motion by Airline Operators of Nigeria (AON) was known as off after a four-meeting between airline operators and the management of the House of Representatives.

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