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 […]
An industry expert has given reasons why Nigerian airlines find it difficult to access credit from the international market. Nigerian airlines in the past did not have the goodwill to attract international financiers to support their businesses with single-digit and long-term loans for aircraft acquisition, lead consultant at ETIMFRI Group, Amos Akpan said. He recalled […]
Aviation industry stakeholders have expressed optimism that the resumption of domestic flight operations will kick-start nation’s economy. According them, this is because entrepreneurs and business leaders move by the fastest means possible and air travel is the only provider of such mode of travelling in Nigeria. The Director of Flight Operations of Air Peace, Captain […]
The Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has attributed the frequent failure of Nigerian airlines and unstable domestic air travel market to inimical policies and self-destructive actions of the airlines and called for a review of the industry for improved performance. Besides, he said indigenous […]
Chairman and CEO of Air Peace, Allen Onyema said the airline’s foray into international destinations would create more jobs for the country, cut back capital flight and provide competitive fares for Nigerian travellers. He spoke after the successful inaugural flight of the airline to Dubai via Sharjah last Friday. Chinedu Eze was there and brings […]
