Reason: the conditions attached to the partial reopening, especially onboard physical distancing, reduced maximum capacity, continued restriction of their foreign counterparts and denial of government’s bailout are all not in the best interest of already beleaguered local aviation businesses.
According to estimates, distancing measures on aircraft would shift the economics of aviation by slashing the maximum load factor to 62 per cent. That is well below the average industry breakeven load factor of 77 per cent. President of the Aviation Safety Round Table Initiative , Dr. Gabriel Olowo, said the coast was not yet clear for the operating carriers or sustainable air travel business.
“Onboard social distancing will be quite challenging except aircraft will be configured to all first-class seats for economic operations. No airline can ever breakeven with less than 40 per cent load factor at the extremely low fares prevalent in the market. Aviation security consultant, Group Capt. John Ojikutu , added that Covid-19 had exposed the weaknesses of the commercial aviation sector globally, and magnified the Nigerian sector in particular, and its contribution to the national economy.
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