JUST IN: Domestic Airlines To Shut Down Operations With Effect From Monday

In Breaking News, Business & Economy, National News, Podcast, Reports

By Lawani Mikairu, Vanguard Newspaper

Listen To The Report

Nigerian airline operators have issued a notice that with effect from Monday, 9th May, they will shut down their operations due to the high cost of aviation fuel which has hit 700 naira per liter.

A statement issued and signed by Alhaji  Abdulmunaf Yunusa Sarina, President, AON, and all the airline operators yesterday advised the traveling public who intend to fly to make alternative arrangements to avoid being stranded at the country’s airports.

The statement read: “It is with a great sense of responsibility and patriotism that the Airline Operators of Nigeria (AON)  have carried on deploying and subsidizing their services to our highly esteemed Nigerian flying public in the last four months despite the steady and astronomical hike in the price of Jet A1 and other operating costs.

“Over time, aviation fuel price (Jet A1) has risen from N190 per liter to N700 currently. No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a short period. While aviation fuel worldwide is said to cost about 40% of an airline’s operating cost globally, the present hike has shut Nigeria’s operating cost down to about 95%.

“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 Jet A1 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 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 (AON) 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 travelers to kindly reconsider their travel itinerary and make alternative arrangements.”

Since You Are Here, Support Good Journalism


CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.

CLICK HERE

New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here


Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

Calabar Businessman, Bet9ja Bicker Over Inability To Withdraw ₦650,000 Won Using Bonus

By Jonathan Ugbal A businessman, Mr. Cletus Uyah based in Calabar, the Cross River State capital, and a betting

Read More...

Governor Ayade And The Peril Of Ad-hoc Populism… BY AGBA JALINGO

Populism in its most basic definition is simply a political approach that strives to appeal to ordinary people who

Read More...

Policy Alert Holds 2-Day Workshop For Non-State Actors On Open Government Partnership In Calabar

By Ogar Monday and Mary Bassey Cross River State has been lauded for making lots of progress on financial

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now