With the fast depleting of aviation equipment, coupled with the scarcity of foreign exchange, Nigerian airlines may spend over $3 billion to conduct checks on their aircraft overseas in 2024, THISDAY has learnt. As at last week, the number of operating aircraft was reduced to about 43 because some of the existing aircraft that were […]
Nigeria loses huge foreign exchange to international air transport because Nigerian airlines are not major players, but Air Peace is buffeting through the odds to carve a market for Nigerian operators, writes Chinedu Eze Nigeria is recognised as a very lucrative and highly competitive route by international carriers because Nigerians are compulsive travellers, the only country […]
Airline operators have raised the concern that some domestic airlines may suspend operations permanently from March next year, if there is no government intervention to cushion the high cost of operation in the Nigerian aviation sector. The operators stated that the devaluation of the naira, which now exchange for N1,200 to $1, could force some […]
*Says no interference in its regulatory autonomyChinedu Eze The Director General of the Nigeria Civil Aviation Authority (NCAA), Captain Musa Nuhu, has disclosed that it is difficult for Nigerian airlines to make a profit because of their difficult operating environment where access to funding is very challenging. The NCAA boss has also debunked claims in […]
The total cost of aircraft maintenance by both scheduled operators and others currently cost about $2 billion per annum, but experts in the aviation industry have predicted that the cost may likely reach $3 billion annually in 2024. This, the experts said, is because airlines are expected to increase their fleet to meet the new […]
