The Managing Director and CEO of Aero Contractors, Captain Ado Sanusi, has said that Nigerian airlines are struggling because of their inability to acquire new fleet due to the country’s ailing economy. Sanusi who made this known on Wednesday said that the lack of stability in Nigeria’s financial system as it relates to foreign exchange, […]
The Managing Director and CEO of Nigeria’s oldest carrier, Aero Contractors, Captain Ado Sanusi, said despite the challenges the airline faced in the last few years, it is now in a rebound. Excerpts. Give a little genesis of when you took over as CEO of Aero Contractors before you left and later came back. What […]
The Managing Director and CEO of Nigeria’s oldest carrier, Aero Contractors, Captain Ado Sanusi has said that domestic airlines should stop funding aviation parastatals to enable them have funds to boost their operation and ensure their survival and profitability. Sanusi said multiple taxation, charges including passenger service charge, terminal charge, landing and parking, overflying charge, […]
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 […]
Besides charging Nigerian air travellers exorbitant fares, aviation experts have raised concern over foreign airlines’ inability to repatriate trapped funds in Nigeria, insisting that Nigeria has become a country with the highest amount of foreign airlines’ trapped funds while highlighting its implications. The implications according to them include the designation of Nigeria as a high-risk […]
