- Stakeholders in Nigeria’s aviation industry, have called for regulation to compel existing airlines to merge and seek listing for bigger capitalization from the Nigerian Stock Exchange (NSE).
According to them, these moves will ease awa the threat of an mminent collapse of the nation’s aviation industry. - At a press conference held in Lagos recently, stakeholders including travel agencies and airlines workers stressed that they are in dire strait and currently finding it hard to remain profitable, not necessarily due to old challenges like exurbitant cost of fuel and aircraft maintenance abroad, but from fresh threat by foreign airlines operating multiple route designated to them by the Ministry of Aviation.
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One operator present at the meeting,said: “multiple route allocation to foreign airlines is corruption perpetrated by officials of the aviation ministry who collude with the foreign airlines to breach global laws for their selfish interests. We have to stop it now.”
- We are weakening our domestic carrier as foreign airlines are running them out of business. The government must address this issue or domestic airlines will die because they won’t get money and won’t be able to create jobs,” said Ore, a former Director of Flight Operations at the defunct Nigerian Airways.
- President of the Association of Nigerian Travel Agencies, ANTA, Aminu Agoha, who lamented the fate of local carriers pointed out that Aero Contractors, which used to do interline with one of the major foreign airlines by picking up passengers for them to and fro the Lagos and Port Harcourt airports and making money out of the deal had the contract terminated when the airline was licenced recently to commence direct flight into the Port Harcourt International Airport.
- Source: NAN
Aviation Stakeholders Wants To Merge And Be Listed
