The Federal Government has approved a 30 percent debt cut for local airlines. This relief package aims to ease financial strain and ensure that no airline in Nigeria will halt services over the next seven days.
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With this 30 percent debt relief, do you believe our airlines can maintain normal operations beyond the next week without further government support?
Is a one-time debt discount enough to cover rising fuel and maintenance costs over the next month?
The FG's plan looks like a quick fix, yet keeping airlines afloat for just seven days doesn't address longer term cash flow or infrastructure issues.
I'm not convinced this temporary debt cut will stop ticket prices from rising again once the relief period ends in a week.
Airlines should use this breathing room to overhaul budgets, negotiate fuel deals and improve scheduling efficiency for sustainable operations beyond the next week.
