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21 Aug 2017

In 5 Years, 8 Domestic Airlines May Collapse in Nigeria....See Details

The remaining local carriers operating domestic and regional routes may find it extremely difficult to operate further, as the implementation of Yamoussouko Declaration comes into full force in five years.

Open Skies for Africa was cemented at the Yamoussoukro Declaration of 1988, in which many countries in Africa agreed to comply with the principles of air services liberalization.

The declaration is expected to take full force within the next five to seven years.

DailyTimes nvestigations shown that less than 20 out of the 47 registered airlines in Nigeria have good insurance policy, thereby further creating a big bottlenecks on their operational efficiency and contributions to the economy.

Further investigations indicate that airlines in Nigeria are not doing well because, they have poor business plans, bad aircraft holding, operation of multiple aircraft types, poor maintenance philosophy, bad crew and aircraft management system.

“Why can’t four airlines merge and share their responsibilities. In the next five years, say maximum of seven years, if Nigerian domestic airlines do not merge, all of them are going to go under because they will not be able to compete due to open skies. That calls for merger and strong fronts”.

“Nigerian airlines are not making it because, they have poor business plans; Apart from Air Peace, their aircraft holding cannot sustain their flight schedules. Another challenge they have is the operation of different aircraft types, which calls for extra expenses since they will now require huge funds to maintain them. The longest flight in Nigeria is perhaps, Lagos- Maiduguri route, which is about two and half hours; A 737 is good for such regional operation, but you find some of the airlines going for bigger aircraft to move from point A to B”, the industry source added.


Source: Dailytimes

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