Tag: Airlines

JET-A1, Others May Push Flight Above N100,000 – Domestic Airlines
Finance, News, Nigeria, Transportation

JET-A1, Others May Push Flight Above N100,000 – Domestic Airlines

Domestic airlines under the aegis of the Airline Operators of Nigeria have said that rising operational costs occasioned by aviation fuel price hikes, foreign exchange shortage, among others may push the base economy flight ticket to N100,000. The spokesperson for local airlines/Chairman, United Airlines, Professor Obiora Okonkwo, made the disclosure during an exclusive interview with The PUNCH on Wednesday in Abuja. Aside from the lingering aviation price hike crisis, the airline chief said local operators were being compelled to source foreign exchange from the parallel market at high rates due to a lack of adequate supply from the Central bank of Nigeria via the commercial banks. Consequently, he said an increase in the base economy flight ticket to at least N100...