Stakeholders Reach Agreement To Prevent Shut Down Of Airlines

• Onyema said the deepening fuel crisis could cripple the operations of airline companies in Nigeria

• Nigerian airline operators have asked the federal government to grant them operational licenses that will enable them to import fuel

EKO HOT BLOG reports that Aviation jet A1 fuel is to be sold at ₦500 within the next three days to prevent airlines from shutting down.

This is according to the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari after a meeting with marketers, regulators and operators in the aviation industry.

Read also: All Airlines In Nigeria Will Shut Down Operations in Few Days

The meeting, which was presided over by the Deputy Speaker of the House of Representatives, Ahmed Wase, was in continuation of the investigation over the scarcity and high cost of aviation fuel, which has led to an increase in air fares.

Kyari said a better pricing mechanism is to be put in place within the next three days to arrive at an acceptable price.

He added that airline operators will be granted license to import aviation fuel.

Airpeace Chairman, Allen Onyema, had on Monday said the perennial fuel scarcity in Nigeria portends danger for the country’s aviation sector.

Onyema said the deepening fuel crisis could cripple the operations of airline companies in Nigeria, leading to a complete shut down of aviation activities in the country and concomitant truncation of travellers’ itinerary.

To resolve the problem, operators have asked the federal government to grant them operational licenses that will enable them to import fuel.

“We have only three more days, all airlines in Nigeria will shut down. We are not threatening this country, it is a fact”, Onyema said.

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