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Home / Tag Archives: Nigerian Airlines and Covid-19

Tag Archives: Nigerian Airlines and Covid-19

Updated: Interstate movement ban: FG suspends Executive Jet Services for flouting directives, flying Naira Marley

FEDERAL Government today announced the suspension of a private jet charter and aircraft maintenance firm, Executive Jet Services, for flying celebrity musician, Azeez Fashola aka Naira Marley, to Abuja for a concert. The Minister of Aviation, Hadi Sirika, who made this known during the Presidential Task Force briefing in Abuja on Monday said the aircraft which conveyed the musician was …

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COVID-19: Akwa Ibom SG disburses palliatives to cushion Ibom Air’s N4bn losses

THE Akwa Ibom state government has approved and disbursed palliatives to the owned airline, Ibom Air occasioned by a revenue loss in the region of N4bn by the airline having been grounded for over three months due to the ravaging COVID-19 pandemic. Commissioner for Information, Sir Charles Udoh, who made this known recently stated that  providing financial assistance to the …

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Flight resumption: Airlines can not break even on 40% load factor, Olowo tells FG

On board social distancing will be quite challenging except aircraft will be configured to all first class seats for economic operations. No airline can ever break even with less than 40 % load factor at the extremely low fares prevalent in the market where passengers pay less than $100 per hour on jet engines.This was the levels 30 years ago precisely 1990. Lagos Abuja N2, 200.Exchange rate N 22/$.  The dichotomy is can the passengers afford higher levels of tariff?”

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