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Vice Chairman of the Airline Operators of Nigeria and Chairman of Air Peace, Allen Onyema, has warned that many domestic airlines could go out of business within the next 30 days unless the Federal Government urgently addresses challenges confronting the aviation industry, according to reports from PUNCH.
Speaking at a book launch in Lagos, Onyema described the industry as capital-intensive but less rewarding, saying airlines are facing existential threats. He also cautioned aviation unions against picketing airlines over non-remittance of the five per cent Ticket Sales Charge, warning that other carriers would suspend operations in solidarity.
Key Points:
Domestic airlines face existential threats and could become extinct within 30 days.
The aviation industry is capital-intensive but less rewarding, with over 50 airlines having shut down over the years.
Onyema warned that if any airline is picketed, other carriers would suspend operations in solidarity.
Airlines are not opposed to helping the government generate revenue but need a more sustainable approach.
The harsh operating environment has made airline ownership risky even for successful businesspeople.
The government must act urgently to address the aviation sector’s challenges; otherwise, the country could face a major disruption in domestic air travel.
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