Similarly, LEADERSHIP Sunday investigation showed that over 100 airlines have closed shop in the Nigerian aviation industry in the last 20 years, due to high charges and unfavourable operating environment.Although the federal government had recently approved the N4bn COVID-19 palliative for airlines in the country, aviation experts are still contesting that the amount is a drop in the ocean, considering the myriad of financial challenges confronting local airliners.
According to Olowo, domestic airlines alone owe about N22 billion to the Nigerian Civil Aviation Authority , while they are also losing about N360 billion as a result of the COVID-19 pandemic. Explaining further, Olowo, while noting that the airline industry is not made up of aeroplanes alone, added that there are allied services and that people that produce onboard service are part of it.
On the other hand, a retired officer from the Nigeria Air Force and former Airport Commandant at the Murtala Muhammed International Airport , Group Captain John Ojikutu, argued that it is not possible that the domestic airlines recorded a loss of N360bn in 8 months and could not have made that much with the 5 million average passenger traffic in a year.
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