The depleting number of operating aircraft in Nigeria’s domestic airline industry can be partly traced to the heavy capital outlay needed to acquire aircraft and the inability of local financiers to extend credit facility to the operators, a development that needs urgent attention. Operating airline business is capital intensive because to acquire a brand new […]
Former Senior Special Assistant to the President on Aviation Matters and the Managing Director of Afri-Air International Limited, Captain Shehu Iyal, in this interview, stressed the need for government to facilitate long-term, single digit interest loans, to enable Nigerian airlines to succeed, Chinedu Eze present the excerpts How will you describe the aviation sub-sector in […]
It has become increasingly difficult for Nigerian airlines to access credit facilities from international financiers as they were wont to do some years ago and as their counterparts all over the world are doing. Running an airline is capital intensive business which needs high capital outlay and many airlines in different countries of the world […]
The Chief Executive Officer of Aero Contractors, Captain Ado Sanusi, in this interview speaks about his expectation from the aviation sector in 2020 and stresses the need for the federal government to introduce measures that would help in protecting domestic airlines. You said in an earlier interview that 2020 may not be better than 2019 because […]
Failure to effectively service their debts has prompted Nigerian banks to cut their credit facility to domestic carriers, thus denying them operational funds. Inside sources disclosed to THISDAY that some airlines could not source funds to pay for the maintenance of their aircraft overseas and could also not ferry the ones due for major maintenance […]
