Stakeholders have warned that if the challenges faced by domestic airlines in 2016 persist this year, the industry would go under. The year 2016 had many challenges for Nigerian airlines. Aviation fuel scarcity started from January that year till December. They faced the problem of accessing foreign exchange(fx) to take their aircraft for maintenance […]
Investigations have revealed that West and Central Africa biggest airline, Arik Air spent a total of over N15.7 on aviation fuel, known as Jet A1 in 2016. In January the airline spent N1, 098, 019, 484.53 for a total of 9, 866, 219 litres of Jet A1and major supplier Total Nigeria Plc, Cleanserve and Conoil. […]
Some stakeholders in the aviation industry have said that harsh operating environment, including disincentive government policies, high cost of doing business and scarcity of aviation fuel are discouraging investors from the sector. In the past four years there have been more commercial airlines that went under than the ones that came in and in the last two years it is only Air Peace […]
Our Lagos-New York JFK service which was to operate at 11:30 pm had to be rescheduled by 24 hours to operate at 11:30 pm on Thursday, 5 January, 2017 due to the shortage in supply of aviation fuel by the major fuel marketers. Our Lagos-Johannesburg service and Lagos- Accra service were also on ground awaiting […]
Airlines and passengers are counting their losses as high cost of aviation fuel and harmattan haze are dealing a heavy blow on the industry right now. Air ticket prices for domestic flights rose by over 200 per cent since mid December due to high cost of aviation fuel and high passenger traffic due to rush […]