‘Dead on Arrival’: Air Peace CEO Raises Alarm Over Soaring Costs in Nigeria’s Aviation Industry
Air Peace CEO Allen Onyema has warned that Nigerian airlines are “dead on arrival” due to crippling operating costs. He blamed soaring aviation fuel prices, high taxes and steep interest rates for pushing many carriers to the brink. Onyema noted that global aviation has been hit by geopolitical tensions but said Nigerian operators face fuel costs that rose over 250%, from ₦900 to ₦3,300 per litre. He praised local airlines for their resilience but warned that spending over ₦12 million on fuel for flights that once cost ₦3 million is unsustainable. He urged President Tinubu to set up a committee to review aviation taxes and charges. Onyema also defended Air Peace’s safety record after recent flight disruptions and described the Dangote Refinery as a strategic national asset cushioning Nigeria from global fuel shocks. Without urgent reforms, Onyema warned, Nigeria could see more airline failures with severe economic consequences.
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