The price war ignited by the reduction of airfare of Lagos to London route by Air Peace has raised concerns in the aviation industry over the seeming move by foreign airlines to run the Nigerian carrier out of business.
Already, there are mixed feelings in the industry over the sudden reduction of prices beyond normal rate.
Depending on the airline and time of booking, some mega carriers including British Airways, which charged about N3 million for economy class, now sells the same ticket for less than N2 million. At press time, however, findings by Vanguard showed that Air Peace’s economy ticket was N1.2 million; British Airways’ N1.5 million; Royal Air Maroc’s N1.4 million and Virgin Atlantic’s N1.3 million.Commenting on the development, former acting Managing Director of the Nigerian Civil Aviation Authority, Mr Benedict Adeyileka, in a chat with Vanguard, said the aviation world was a competitive market.Adeyileka said: “It is a business and everybody has to sell.
”Honestly, Air Peace needs all the support it can get. Unfortunately, I don’t see Nigerians as very patriotic people. Some people would refuse to fly Air Peace because of their slave mentality, yet they will go and fly a 60-year old British Airways or Lufthansa aircraft that was repainted and redecorated.”An aviation management consultant, Mr Babafemi Adeniji, on his part, wondered if the ongoing development could be called a price war.
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