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Increase in Price Of Aviation Fuel Threatens Domestic Operations

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The Airline Operators of Nigeria (AON) have sounded the alarm over the escalating cost of Jet A-1 aviation fuel, highlighting its dire impact on domestic airline operations in Nigeria.

In a recent statement, AON spokesperson Obiora Okonkwo highlighted the severe challenges posed by the soaring price of aviation fuel, which has surged from N800 to N1,300 per litre. This steep increase, driven by a scarcity of foreign exchange (Forex), has made it increasingly difficult for airlines to ferry aircraft for essential maintenance overseas, posing a significant operational risk.

AON emphasized that the aviation industry as a whole is feeling the strain, with handling companies and other airport service providers raising charges. This is expected to compound the financial burden on passengers, who are already grappling with economic challenges.

Of particular concern is the issue of depositing funds with the Central Bank of Nigeria (CBN), which has not been able to provide the required dollars to facilitate smooth airline operations.

AON urgently called on the Federal Government to intervene by allocating special dollar allocations to ensure the survival of airlines, enabling them to carry out essential operations and maintenance. They also stressed the need for continuous engagement with airlines at various levels to address these pressing issues.

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