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Toxic loans, courts may force AMCON s burdens on taxpayersNigeria — The Guardian Nigeria News – Nigeria and World News

Toxic loans, courts may force AMCON s burdens on taxpayersNigeria — The Guardian Nigeria News – Nigeria and World News
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

Hope Rising for Leasing Company

Minister of Aviation, Senator Hadi Sirika The Ministry of Aviation recently notified the industry that the federal government’s plan to establish aircraft leasing company is still in progress. Chinedu Eze writes that the initiative will significantly improve capacity of Nigerian airlines and could bring down airfares. The Minister of Aviation, Senator Hadi Sirika recently announced that the federal government has progressed in its plan to establish aircraft leasing company and make it easier for Nigerian carriers and others in West Africa to lease aircraft. Government said the leasing company would provide opportunities for Nigerian and African airlines in order to boost fleet size; alleviate the problems of aircraft leasing and the attendant high insurance premium charges.

Airlines Blame Dollar Scarcity, Pandemic for Rising Airfares

By Chinedu Eze Airlines have attributed the skyrocketing airfares, which have elicited disaffection from travellers to the scarcity of dollars and the COVID-19 pandemic. The airlines, in separate interviews with THISDAY warned travellers to brace for a higher fare regime as economic indicators show that the problems are not likely to abate soon. From N28, 000 for a one-hour flight after the high season in December 2020, the average cost of a one-hour ticket has now risen to N60, 000 for a one-way ticket and could rise as high as N120, 000 if a passenger buys a ticket on the day he is travelling.

Aligbe: Aviation Industry Needs Government s Intervention

CEO of Belujane Konsult, Chris Aligbe Aviation industry stakeholder and Chief Executive Officer of Belujane Konsult, Chris Aligbe, in this interview speaks on the challenges in the aviation industry, even as he appeals to the federal government to support the parastatals to survive the economic challenges occasioned by the coronavirus. He also calls on the Asset Management Corporation of Nigeria to invite the founders of Aero Contractors and Arik Air and hold talks with them on the future of the airlines. Chinedu Eze brings the excerpts: For some time now there has been an exchange of words between the Asset Management Corporation of Nigeria (AMCON) and the former management of Arik Air. While AMCON has said it met a hopeless situation when they took over Arik in February 2017; the airline’s former management insists otherwise. So, what do you think?

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