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. […]
The Chairman of Arik Air, Joseph Arumemi-Ikhide spoke on the challenges that hampered the operations of local airlines in 2016. Excerpts: Arik Air must have lost huge revenue when the unions stopped your operations for one day? We had held talks with labour and we seem to be agreeing on certain issues they […]
Last week Medview Airline started flights on the West coast routes, from Accra via Monrovia to Freetown. During its inaugural flight, the airline’s CEO, AlhajiMuneer Bankole spoke on the need for the federal government to support domestic airlines because they project the image of the country. What is the cost implication of this route development? The advantage of flying this route is that the entire countries after Nigeria do […]
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 […]
After many weeks of acute scarcity of aviation fuel leading to disruption of flightsIn, the Nigerian National Petroleum Corporation (NNPC) announced it has flooded the market with Aviation Turbine Kerosene (ATK), also known as Jet A1. Airlines said they have lost huge resources purchasing the product at exorbitant price as high as N240 per litre […]