Airline Operators Threaten To Ground Operations On Monday
LAGOS MAY 6TH (NEWSRANGERS)-The Airline Operators of Nigeria has announced the shutdown of its operations from Monday due to the steady increase in the cost of aviation fuel.
The PUNCH had earlier reported that the airline operators had threatened to shut down their operations in March arguing that they had only three days of fuel left.
The cost of aviation fuel, also known as Jet A1, had risen from N190/litre and later N360/litre in January this year to N607/litre in March. The product now reportedly sells for N700/litre.
The position of the operators was stated in a letter sent to the Minister of Aviation, Senator Hadi Sirika, by its President, Abdulmunaf Yunusa Sarina.
“In the face of this, airlines have engaged the Federal Government, the National Assembly, NNPC and Oil Marketers with the view to bringing the cost of JetA1 down which has currently made the unit cost per seat for a one-hour flight in Nigeria today to an average of N120,000.
“The latter cannot be fully passed to passengers who are already experiencing a lot of difficulties.
“While AON appreciates the efforts of the current government under the leadership of President Muhammadu Buhari to ensure air transport in Nigeria grows, unfortunately, the cost of aviation fuel has continued to rise unabated thereby creating huge pressure on the sustainability of operations and financial viability of the airlines. This is unsustainable and the airlines can no longer absorb the pressure.
“To this end therefore, the Airline Operators of Nigeria, hereby, wishes to regrettably inform the general public that member airlines will discontinue operations nationwide with effect from Monday May 9, 2022 until further notice.
“AON uses this medium to humbly state that we regret any inconveniences this very difficult decision might cause and appeal to travellers to kindly reconsider their travel itinerary and make alternative arrangements.”
Punch
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Posted by News Rangers
on May 6 2022. Filed under Business, National.
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