Nigerian Airlines Lose Lucrative West Coast Routes - THISDAYLIVE via thisdaylive
Nigerian airlines are losing lucrative West and Central African markets, which used to sustain them in the past as a result of the creation of open sky policy that allows other airlines free entry and free exit in 23 African countries, THISDAY has learnt.
With such strangulating charges and taxes, THISDAY learnt that the Nigerian airlines are forced to charge high fares to these routes to offset operation cost, thus making them uncompetitive. However, Air Peace had disclosed that it loses about N500 million monthly on those routes due to exorbitant charges that are not reciprocated in Nigeria for airlines from those countries.
He added that if the federal government supports domestic airlines as other countries, it would have reciprocated the high charges by also charging those African carriers the same amount they charge their Nigerian counterparts.
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