BREAKING: Airlines Announce Shutdown As Aviation Fuel Hits N700
The Airline Operators of Nigeria (AON) has announced the shutdown of operations, with effect from Monday, over the skyrocketing cost of Aviation fuel, which...


By
Abdullateef Aliyu
Fri, 06 May 2022 18:05:21 GMT
The Airline Operators of Nigeria (AON) has announced the shutdown of operations, with effect from Monday, over the skyrocketing cost of Aviation fuel, which has reached an all-time high of N700 per litre.

The operators sympathised with the passengers, saying the current situation with Jet A1 has shot up the cost of operations to over 95 percent.

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The Operators stated this in a letter its President, Alhaji Abdulmunaf Yunusa Sarina, sent to the Minister of Aviation, Senator Hadi Sirika.

Sarina’s position was endorsed by the chief executives of all the domestic airlines.

The letter read: “It is with a great sense of responsibility and patriotism that the Airline Operators of Nigeria (AON) have carried on deploying and subsidizing their services to our highly esteemed Nigerian flying public in the last four months despite the steady and astronomical hike in the price of JetA1 and other operating costs.

“Overtime, aviation fuel price (JetA1) has risen from N190 per litre to N700 currently. No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a short period.

“While aviation fuel worldwide is said to cost about 40% of an airline’s operating cost globally, the present hike has shut up Nigeria’s operating cost to about 95%.

“In the face of this, airlines have engaged the Federal Government, the National Assembly, NNPC and Oil Marketers with the view to bringing the cost of JetA1 down which has currently made the unit cost per seat for a one hour flight in Nigeria today to an average of N120,000.

“The latter cannot be fully passed to passengers who are already experiencing a lot of difficulties.

“While AON appreciates the efforts of the current government under the leadership of President Muhammadu Buhari to ensure air transport in Nigeria grows, unfortunately, the cost of aviation fuel has continued to rise unabated thereby creating huge pressure on the sustainability of operations and financial viability of the airlines. This is unsustainable and the airlines can no longer absorb the pressure.

“To this end therefore, the Airline Operators of Nigeria (AON) hereby wishes to regrettably inform the general public that member airlines will discontinue operations nationwide with effect from Monday May 9, 2022 until further notice.

“AON uses this medium to humbly state that we regret any inconveniences this very difficult decision might cause and appeal to travelers to kindly reconsider their travel itinerary and make alternative arrangements.”

https://dailytrust.com/breaking-airlines-announce-shutdown-as-aviation-fuel-hits-n700

Let's all try to stay alive till 2023 when these evil mummies shall return to their hellish tombs from where they came to torment the people.
It shall be more than CROSSOVER NIGHT when they leave. I am already stockpiling knockouts to celebrate the night the jinns leaves. What a day it shall be. Nigerians has really endured. A matter of little time now ... as no Leader will be as devastating as the one to leave.

Omor men

Things ain't getting any better men

Buhari effcet

They are only interested in who becomes president for now

Make Dem kuku shut down this country so everybody go rest because me no see the essence of living in Nigeria.
The way things dey high dey shock me, Telecom providers come add their own Join.

Naija was never this worse,as in the heat dey touch everyone.

Well coneheaded structures don't care....they can still trek from no man's land to Ibadan.

Emi ko lo so o,buhari lo so be

BUHARINOMICS at work.

blame Nato and the US for this!

This government keeps setting and breaking insane records.