Airline Operators Count Losses As Forex Scarcity, Naira Devaluation Trap Aircraft Abroad

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Several commercial aircraft in the nation’s aviation industry are stranded abroad due to lack of access to foreign exchange at the official market,

foreign exchange scarcity, devaluation of naira and lockdown in some foreign countries where the checks are going on.

C-checks are carried out on aircraft in the Middle East, America, Europe, while few airlines use the Ethiopian Airlines’ facilities at Addis Ababa in Ethiopia. However, with the gradual easing of the lockdown, many operators hope for timely delivery of aircraft that were stranded abroad during the lockdown when most Maintenance, Repair and Overhaul facilities were shut down, but lack of access to foreign exchange at official rate, forex scarcity and devaluation of naira have shot up their expenses.

However, the situation with the aircraft abroad has affected airline operation and servicing of new routes due to the capacity gap created by the absence in the nation’s airspace.

 

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