₦airaland Forum

qqqqq:
Congratulation to Chidi okoro ,all Nigerians ,all the blacks and mankind.Nigerians especially should see the positive side of this development.Firstly,there is this psychological/motivational advantage here as this will challenge all of us to be our best in all that we do and let the best be acceptable to the organisation /endeavour we find ourselves.

Secondly,I believe that the new MD will be very sensitive to responding to the demand of the local market especially in the area of price reduction and improving the quality of their products considering that he was born and bred in Nigeria.

Employment of Nigerians into the various important positions are most likely to increase.

And many more advantages.


Please lets show love to everyone.

I love you all!!!!!!!

The un-abating scarcity of aviation fuel, known as JET-A1, which is an essential commodity in flight operations is hitting airlines harder by the day, as many of them are now cutting their flight schedules, out-rightly canceling them or delaying flights to enable them take full advantage of the meager supply from marketers.

The airlines are said to have lost in two weeks N7.2 billion to aviation fuel scarcity.

The product sells for N160 per litre from N98 which it hitherto sold for.

As a result of the scarcity, oil marketers are unable to supply enough JET-A1 to airlines. The price of the commodity in Nigeria is regarded as the highest in the world, leaving operators to groan under heavy operational costs, of which aviation fuel alone, accounts for over 50 percent.
Currently, some of the major airlines like Arik Air, Aero and Air Nigeria are finding it difficult to cope with the situation which has refused to abate.

Two weeks ago, when the scarcity again became noticeable, Arik Air and Air Nigeria’s flights that were scheduled to depart Enugu at 10.30a.m could not do so until 5.30p.m, leading to protests from passengers.

By the following Tuesday, an Aero flight scheduled to depart Lagos for Abuja at 9.50p.m did not depart the airport until well past midnight. The passengers only arrived at their destinations at 2a.m the next day.

One of the passengers on the flight said the flight was originally scheduled to depart at 5.55pm, but was asked to reschedule for 9.50p.m.
According to an Arik Air passenger, “The excuse they gave us was that they have not been able to get fuel from oil marketers due to its scarcity, but they have kept us in the dark since morning. The only thing I want from them now is the refund of my money.”

Another passenger of the airline to Port Harcourt who refused to disclose her identity said she was billed to sit for an exam in Port Harcourt penultimate Tuesday at 2p.m, but as at 5:30p.m, she was still stranded at the Lagos airport.

This development has put virtually all the airlines in a tight corner, leading to massive cut on their scheduled routes, amid serious competition for the few available seats offered to travellers.

Arik for instance, does an estimated 120 flights per day, but could only do 80 flights leading to a loss of 40 flights as a result of delays and cancellations, thus losing N269 million a day. Arik spends N400 million on fuel every week.

As for Aero Contractors which is second largest domestic carrier, and ordinarily operates about 80 flights per day, it has been operating between 40 and 45 flights per day leaving it with a short fall of about 15 to 20 flights per day. The airline by calculation has been losing close to N119 million per day.

Also lamenting the loss which his airline has had to endure, a senior official with IRS said the airline operates 15 flights daily, but has had to scale down flight operations. The airline operates with Fokker 100 which carries at least 100 passengers at once. For having to slow down on its operations, it is losing well over N25 million a day to the biting cost of aviation fuel.

And for Air Nigeria, the third largest airline, BusinessDay investigations show that the airline is losing about N100 million a day. “We have had to cope with the crippling effect of this aviation gas for operations. You can see we can’t fly as well as we should and have had to ration our routes,” an official of the airline said.

As a result of the high cost of the commodity in the country, both local and international airlines say they prefer to refuel their aircraft in neighbouring countries like Ghana, Togo and elsewhere, thereby depriving the country from milking from the huge businesses that abound.
Lamenting the situation, Harold Demuren, director general, Nigerian Civil Aviation Authority (NCAA), said while marketers have raised the price of their product over time, the carriers have only marginally increased air fares and thus stressed: “We cannot operate this way.”

Demuren noted that, “The price of aviation fuel in Nigeria is ridiculously too high. We need to knock this down. We are working on it and I believe we will be able to do this. We can’t continue this way.”

AjanleKoko:
They've already completed drainage and pavement for the finished sections of the road.
Paint the road ke? In areas where the bus lane is functional, like Ikorodu Road, what they did was to fence off the bus lane, and post LASTMA chaps to monitor the lane. Okadas and Danfo drivers no sabi read signs o

They did paint the lane on Western Avenue and 3rd Mainland Bridge. But they never tried to enforce the law on those roads, probably cos of the very heavy traffic experienced on those routes at peak hours.

AjanleKoko:
Unlikely, because of the sheer volume of people in Lagos. When you look at that and try to scale, the funds required to run and support a mass transportation service in Lagos to rival the City of London would be mind-boggling.

You know, lots of things have been tried in Lagos with little success. BRT is even enjoying moderate success.

How are you doing though? We haven't spoken in a while.

bamosagie:
Why not wait for GEJ to annouce the name first then you can call for his head.
Most of you guys are angry because the press is not mentioning names like Ciroma.

Bawss1:
The much promised Fresh Air is being hinged on the successful implementation of the PIB?

Thats a dangerous position to take. Even GEJ knows he is not the author of the PIB so why tie that with him?

DivideUs:
Ok people, I just read that the amount is 1 billion and this time its from yayale ahmed. I still think that's too much, what do you think?

Approved by who? This letter originated from the person who signed it. She did not sign on behalf of GEJ, she signed as a chairman of a committee.

md4real:
seriously, guy i suggest you work your way to central bank. they have better pay package than even NNPC. as fpr those saying build carrer? where is he suppose to start from? this is Nigeria please.

afterall he is d easiest person to blame

donobi:
why is it that some of u people in NL can't believe Nigeria can still work again, see condemnation, that is how u condemn inec lead by jega of not delivering credible election but today most of u praise jega for a job welldone atleast he met nigerian aspiration of credible election. If u dont think nigeria can work again leave the country. gej knows that their are cabals that wont let it work. Some of u use America as comperism forgeting that there were ones like Nigeria when they were 50yrs or ist because there was nothing like cnn and bbc to report there mess ups. Leave gej to work. Presidency seat is not the seat of a chairman seat of your company.

Any good entrepreneur would do anything to be in a market like this.
A market where you can dump anything and the people would buy is definitely a good place to stake your investment.

Investors think differently. Where the common man sees problems, they see opportunities.