Latest Forum Posts

I can sway Rivers voters, Wike boasts - August 10, 2022
Customs seizes 12 trucks of smuggled rice from Benin Republic - August 10, 2022
DHQ: We’ve Arrested Suspects of Owo Catholic Church Attack - August 10, 2022
Badagry Port Devt Limited to Create 25,000 Jobs - August 10, 2022
Elon Musk sells nearly $7 billion worth of Tesla shares - August 10, 2022
Nigeria Cannot Afford Another Civil War, Says Buhari - August 10, 2022
Nigeria’s Economy Grew at 3.4%, Says UbosiEleh Report - August 09, 2022
Breaking: Owo Catholic Church Attackers Arrested, Says DHQ - August 09, 2022
Ondo, Edo, Bauchi Account for 10 New Lassa Fever Cases, Says NCDC - August 09, 2022
2023: Awujale, Other Ijebu Monarchs Endorse Abiodun for Second Term - August 09, 2022
Wike: I’m in Charge, We’ll Vote against Enemies of Rivers - August 09, 2022
Tambuwal secures N4bn loan for Sokoto farmers - August 09, 2022
Ozekhome, others seek elections for vacant Senate seats - August 09, 2022
Atiku, Wike can’t negotiate without PDP leaders – Lamido - August 09, 2022
Blood Sisters director, Biyi Bandele, is dead - August 09, 2022
Ihedioha denies calling Peter Obi ‘crafty’ - August 09, 2022
Audit Query: Senate Probes N1.7trn MDAs’ Service Wide Votes - August 09, 2022
EFCC Arrests Three Internet Fraud Suspects in Kwara - August 09, 2022
Osun PDP Reassures Members of Inclusive Govt - August 09, 2022
How Osun election rekindled PDP’s hope of re-enacting 2003 scenario in Southwest - August 09, 2022

Discover Your Personality Type in Less Than 15 Minutes
Local airlines risk collapse as Jet-A1 hits N714/litre By Obayomi Abiola Benjamin On Thursday 16th June 2022Politics & Governance 104

Free Online Video Downloader - Cordly

Local airline operators, yesterday, said that a number of them now risk collapse barring availability of affordable aviation fuel to sustain commercial operations.

They said besides the fuel scarcity that is disrupting scheduled operations, the prevailing market rate of N690-N714/litre was unsustainable.

In a related development, other stakeholders in the aviation value-chain also bemoaned the effect of weak Naira-to-Dollar exchange rate on critical services like fuel supply, ground handling, and catering.

Vice President of the Airline Operators of Nigeria (AON), Allen Onyema, at the ongoing Federal Airports Authority of Nigeria (FAAN) National Aviation Conference (FNAC) in Abuja, did warn that if the present challenge of aviation fuel was not fully addressed, about three airlines may quit operations due to unbearable cost of operations.

Onyema noted that the aviation fuel challenge was not exclusive to Nigeria, but “ours is made worse because of the slump in naira value against major currencies, especially, the dollars”.

He noted that the recent intervention by the Federal Government led to the approval of 10,000 metric tonnes of aviation fuel, though yet to be accessed by the beneficiary airlines.

Onyema was, however, optimistic that the airlines would start lifting the subsidised fuel by today (Thursday).

The operators said it was regrettable that the aviation fuel that sold for N200/litre barely 18 months ago has increased by more than 300 per cent.

“That is why we ran to the government and the Federal Government has given us about 10,000 metric tonnes of fuel at the cost of N580 per litre in Lagos and about N607 per litre outside Lagos.

“This is not the only issue. Since the COVID-19 crisis, most airlines all over the world, including Nigeria, have not recovered from the pandemic, except those whose countries have injected much funds to assist them. This (pandemic) is nobody’s fault; it just happened. Government has tried its best by giving us this aviation fuel. This aviation fuel can take airlines out, not only in Nigeria but also everywhere in the world.

“Some airlines outside Nigeria have closed down because of the effects of rising aviation fuel. If these things are not addressed in Nigeria, it can affect the bottom-line of all airlines in Nigeria,” Onyema said.

Other players, including aviation fuel marketers, ground handling companies and catering services in their separate presentations, complained about the state of infrastructure at some of the airports, though added that FAAN in the last three years had improved on facilities at the aerodromes.

Vice Chairman, Aviation Ground Handling Association of Nigeria (AGHAN), Bashir Ahmed, decried the level of infrastructure at most of the airports, saying it limits the turnaround time of operators at the apron.

According to Ahmed, the scarcity of foreign exchange further reduces the operations and expansion of ground handling businesses in Nigeria. He appealed to the Federal Government to take a critical look at the challenges in the industry and devise a means to address them.

“We still want to appeal to the Federal Government to grant waivers to handling companies on importation of ground handling equipment. Also, we need more scanning machines by FAAN to further improve our operations and create seamless services to our clients and the airlines,” Ahmed said.





Please login to participate in this forum!
My Accounts Our Services Useful Links Affiliate Links Follow Us