…marks one year anniversary
The airline chairman in a briefing earlier today attributed
30-40% of operating cost of airlines to Jet A1 stressing further that aviation
fuel also falls under forex as it is imported.
High Chief Obiora made these comments as United Nigeria
Airways clocked one year in operations having airlifted no fewer than 260,000
passengers within the period stressing that the airline has created over 500
direct jobs and over a thousand indirect jobs.
The UNA chairman explained that despite the many challenges
in the industry, there is a lot of potential to grow hence the reason why more
airlines are seeking Air Operators Certificates( AOC) to be part of it.
On the call for special funding, High Chief Obiora said:
“Aviation fuel the way it is applied easily becomes 30-40%
of the cost of operations…99% of aviation component is forex denominated..even
the increase in fuel is due to forex because fuel is imported.”
“Special funding for foreign exchange access as aircraft
operations needs immediate attention and if you have to go through the process
of foreign exchange access and funding, you will have various numbers of
Aircraft on ground ( AOG).
On new entrants planning to come into the industry he said:
“if everything goes the way it’s supposed to go we are not
going to be talking about 9 million passengers but 50 million within our
airspace. For new operators, you don’t start your business for the 9million
passengers of today. They must have seen the future that if they survive the
hard one or two years they are waiting for the glorious days of 50m passengers.
“So I want to believe they have every reason to want to come
into the industry. May airlines can still come on and increase schedule.
It’s healthy for the industry, our problem isn’t lack of
passengers , it’s more of the other things we need to improve upon for
efficient operations and passengers satisfaction.
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