• About Us
  • Contact Us
  • Advertise
  • Privacy Policy
Tuesday, May 30, 2023
Niger Delta Today
ADOVIC Technology
  • Home
  • Niger Delta
    • Abia State
    • Akwa Ibom
    • Bayelsa State
    • Cross River
    • Delta
    • Edo
    • Imo
    • Ondo
    • Rivers
  • National News
  • Politics
  • Metro
  • Business
  • Entertainment
  • Editorial
  • Opinion
No Result
View All Result
  • Home
  • Niger Delta
    • Abia State
    • Akwa Ibom
    • Bayelsa State
    • Cross River
    • Delta
    • Edo
    • Imo
    • Ondo
    • Rivers
  • National News
  • Politics
  • Metro
  • Business
  • Entertainment
  • Editorial
  • Opinion
Niger Delta Today
No Result
View All Result

Airline Operators Shut Down Operations As Aviation Fuel Hits N700

by Niger Delta Today
May 6, 2022
in Business
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

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 Jet A1 has shot up the cost of operations to over 95 percent.

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.

Recommended For You

Airline Operators Suspend Monday’s Planned Shut Down Of Operations

Aviation Fuel: Don’t Shut Down Operations, FG Begs Airline Operators

UAE Makes U-Turn, Bans Flights From Nigeria

Nigerian Air Force Confirms Abuja Plane Crash, Orders Investigation

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.

ADVERTISEMENT

“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.”

Daily Trust

Tags: Abuja AirportAirline OperatorsAviation FuelMinister of aviation
ShareTweetSendShare
Previous Post

Jubilation In Kano As Supreme Court Rules In Favour Of Ganduje’s APC Faction

Next Post

Anambra: Too Early To Slumber, Soludo!

Related Posts

Subsidy Removal: Tinubu’s Govt Reacts To Queues, Panic-Buying Across Nigeria

May 30, 2023

Why Court Restrained Seplat From Holding AGM

May 4, 2023
Delta Information Commissioner, Charles Aniagwu

Old Naira Notes: Delta Govt Breaks Silence, Urges Residents To Accept Money

March 14, 2023

Increase In Third Party Insurance Premium

January 30, 2023
Rick Kennedy, Chevron MD

NNPC/CNL Joint Venture Secures $1.4B Financing For Infill Drilling Program

December 3, 2022

FAAC: FG, States, LGs Share N736 Billion In October

November 23, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

LATEST

Subsidy Removal: Tinubu’s Govt Reacts To Queues, Panic-Buying Across Nigeria

May 30, 2023

Read Full Text Of Governor Sheriff Oborevwori’s Inaugural Speech

May 30, 2023
Governor Sheriff Oborevwori of Delta State

My Plans For Delta State – Governor Oborevwori

May 30, 2023

AIT Owner, Raymond Dokpesi, Is Dead

May 29, 2023
Tinubu and Shettima

Okumagba Congratulates President Tinubu, Says “It Is The Dawn Of A New Era” For Nigeria

May 29, 2023

POPULAR POSTS

  • Olorogun Bernard Okumagba, Managing Director, NDDC

    Senate Confirms Bernard Okumagba, Two Others As NDDC Governing Board Members

    0 shares
    Share 0 Tweet 0
  • Read Full Text Of Chief Edwin Clark’s Open Letter To Former Governor Ifeanyi Okowa

    0 shares
    Share 0 Tweet 0
  • Buhari Renames Osubi Airport After Bayelsa Monarch

    0 shares
    Share 0 Tweet 0
  • AIT Owner, Raymond Dokpesi, Is Dead

    0 shares
    Share 0 Tweet 0
  • READ FULL TEXT OF PRESIDENT TINUBU’S INAUGURAL SPEECH

    0 shares
    Share 0 Tweet 0
  • Retired Assistant Commissioner Of Police Emerges 13th Ohworode Of Olomu Kingdom, For Coronation Today

    0 shares
    Share 0 Tweet 0
  • Okumagba Congratulates President Tinubu, Says “It Is The Dawn Of A New Era” For Nigeria

    0 shares
    Share 0 Tweet 0
  • Tinubu Vows To Remove Petroleum Subsidy, Boosts Economy

    0 shares
    Share 0 Tweet 0
  • Tinubu Was Destined To Be Nigeria’s President, Says Omo-Agege

    0 shares
    Share 0 Tweet 0
  • Read Full Text Of Muhammadu Buhari’s Farewell Broadcast As Nigeria’s President

    0 shares
    Share 0 Tweet 0

LIKE US ON FACEBOOK

  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy

© 2019 NIGER DELTA TODAY - Published By NDT Associates Ltd.

No Result
View All Result
  • Niger Delta
    • Abia State
    • Akwa Ibom
    • Bayelsa State
    • Cross River
    • Delta
    • Edo
    • Imo
    • Ondo
    • Rivers
  • National News
  • World News
  • Politics
  • Metro
  • Education
  • Business
  • Health
  • Sports
  • Editorial
  • Opinion
  • Entertainment
  • Tech
  • Social Media
  • Niger Delta Today TV

© 2019 NIGER DELTA TODAY - Published By NDT Associates Ltd.