CONTINUOUS INCREASE OF AVIATION FUEL THREATENS DOMESTIC AIRLINE OPERATIONS

10/02/24

VICTORIOUS TD

PRESS RELEASE

Airline Operators of Nigeria, AON, has raised alarm over the continuous increase of Aviation fuel, Jet A-1 adding that it poses an existential threats to Domestic Airline Operations in the country.

In a statement, The AON’s spokesperson, Obiora Okonkwo explained that the scarcity of Forex is skyrocketing price of Jet-from N800 toN1,300 per litre making it difficult to ferry Aircrafts due for maintenance to Overseas as it is now becoming a risk for operations.

The Airline Operators noted that the Aviation ecosystem is feeling the heat while the Handling companies and other Airports service charges have been jerked up which will create untold hardship on travelling Passengers who are already exhausted financially.

The association also expressed concern over the deposition of money with the central bank of Nigeria, CBN but cannot provide the needed Dollars for the Operators to carry out Operations smoothly.

Okonwkwo called for urgent intervention from the Federal Government through a special allocation of Dollars for their survival to carry out operations and maintenance as well as constant engagements with airlines at different levels.