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HomeChallenged by rising cost of aviation fuel, Nigeria’s airline...

Challenged by rising cost of aviation fuel, Nigeria’s airline operators ground aviation sector from Monday

The Airline Operators of Nigeria, AON, has announced plans to shut down operations nationwide.

The Airline Operators of Nigeria, AON, has announced plans to shut down operations nationwide.

AON said the shutdown would take effect from Monday, due to the increase in the price of aviation fuel which cost N700 per litre.

This was contained in a letter by AON President, Abdulmunaf Yunusa Sarina, and sent to the Minister of Aviation, Senator Hadi Sirika.

The letter read partly: “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 accounts for about 40% of airlines’ operating-cost globally, the present hike has shut up Nigeria’s airlines’ operating cost to about 95%.

Download BuyAfrique App – available on the IOS and Google Play store: “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.

“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.

“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.”

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