Covid-19: Aviation industry to lose N160bn, 22,200 jobs

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• FG may restrict international flights to Lagos, AbujaThe disruption to air travel due to the continued spread of coronavirus will cost Nigeria’s aviation industry over N160.

58bn in revenue and 22,200 jobs, the International Air Transport Association has said.The association, an umbrella body for 290 airlines globally, had in early March projected 853,000 losses in passenger volumes and $170m loss in base revenues in Nigeria if the spread of COVID-19 continued.

“African airlines had lost $4.4bn in revenue as of March 11, 2020. Ticket refunds have increased by 75 per cent in 2020 compared to the same period in 2019 .” Director General and Chief Executive Officer, IATA, Alexander de Junaic, appealed for governments’ support for the industry. In a related development, Air Peace has said it is suspending its flight operations to Dakar, Senegal and Monrovia, Liberia as a result of the global coronavirus crisis.

“On the domestic scene, we are reducing our frequencies while at the same time, restructuring our operations by deploying our hoppers to more airports. In a statement signed by the regulatory agency’s General Manager, Public Relations, Sam Adurogboye, on Thursday, the NCAA said it was part of steps to protect its workforce from the coronavirus scourge.Adurogboye said the NCAA had issued detailed guidelines for officers of the agency who had recently travelled abroad to self-isolate for 14 days among other measures upon their return to Nigeria.

 

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This is just so pathetic

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