‘High Cost of Operation Makes Airline Business in Nigeria Unprofitable’

  • 📰 THISDAY LIVE
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The CEO of United Nigeria Airlines, Dr. Obiora Okonkwo, in a recent media session with Aviation Correspondents, said the high cost of flight operations had made it difficult for airlines to operate…

The CEO of United Nigeria Airlines, Dr. Obiora Okonkwo, in a recent media session with Aviation Correspondents, said the high cost of flight operations had made it difficult for airlines to operate profitably in Nigeria, noting that high cost of aviation fuel and foreign exchange has become very challenging for Nigerian carriers.

Within this one year we had Embraer ERJ 145 for a start, but we commenced our operation with two in the first instance, not long after, we came into full operation with the four aircraft. They have been all over the places doing what they know to do. In order to meet the demand of our passengers, we had introduced another aircraft, Airbus A320.

When that is done, it is important for you to know that we have all the blessings and all the capacities to do beyond the territories of Nigeria. So we have set a big task for ourselves that within the next couple of months, that we would have started our regional flight. When we say regional we are talking about West Africa.

So, as a matter of fact, by the time you remove all these deductions from this 20,000 that we are talking about, you have to use your money to finish some of them and then also take care of other operational needs. You could recall also that in 2000, you may have bought a ticket at N2000 but if you cast your mind back to that year; that 2000 was $100 based on the exchange rate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LGs can’t collect business premises levies, Enugu court declaresAn Enugu State High Court presided over by Justice Cyprian Ajah, Tuesday declared that local governments lacked the power to collect business premises levies.
Source: Daily Trust - 🏆 13. / 51 Read more »