Describing the air transport value chain as the hardest hit to the deadly virus, the report said over 90 per cent of operations and activities were adversely affected resulting in monthly losses valued at N21 billion.
“The objective and guiding principles is to save existing aviation industry organisations and jobs, through a targeted stimulus package as well as fast-track the establishment of a private sector driven national carrier. “The government is working to ensure the removal of Value Added Tax from airline tickets as approved by Federal Executive Council. It seeks the provision of COVID-19 tests for all passengers and crew.
Speaking on the report, President, Aviation Safety Round Table Initiative Dr. Gabriel Olowo described the grant as paltry, saying it would do very little to address airlines and their allied losses. Although he commended the move, he nevertheless stressed that the industry’s need should be equitably prioritised.
“The $58.7 million is a paltry sum to cushion total negative impact of COVID-19 in quarter two and quarter three of 2020 and may not sufficiently address airline and its allies loss of business.
Source: News Formal (newsformal.com)
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