The Airline Operators of Nigeria has explained that foreign exchange and aviation fuel shortages in the country were responsible for the recent hike in airfares.
“The foreign exchange and aviation fuel costs were responsible for over 99 per cent of aviation components,” he averred.
He said, “The actual or reasonable cost should be higher in the actual sense. There is no doubt that it will put pressure on the operation funds because it will require more money in exchange and everything in aviation is 99 per cent and a half per cent foreign components. So, we are hoping that the government would find a good reason to come up with some measures that would mitigate that by creating access to capital for the operators.
According to him, AON is not a labour union, as forex scarcity affects everyone and not just the aviation sector.
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