They said that the decision became imperative following the jump in the price of aviation fuel, popularly called JetA1, from N190/litre to N700/litre.
“Airlines are not on strike. We are private investors who do not run our airlines with public funds to be able to continue to pay upfront in cash at N700 per litre for JetA1 which has increased our cost on daily basis to about 95%. This is totally unsustainable. And its consequences, if allowed to stay, will be borne by the passengers; which is what we are trying to prevent,” the operators said.
Others are the Chairman of Air Peace, Barr. Allen Onyema; the CEO of Arik Air, Capt. Roy Ilegbodu; the CEO of Aero Contractors, Capt. Abdullahi Mahmood; the MD of Azman Air, Alhaji Faisal Abdulmunaf; and the Deputy CEO of Dana Air, Mr. Sukh Mann, stressed that it remained resolute on its decision to suspend operations.
Nigeria is failure
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