Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service
Difficult moment for Nigerian airlines
Lagos, Nigeria - Among the reasons: raise in the cost of fuel, cut of subsidies and naira devaluation
These are not the best times for Nigerian airlines. Virtually all of them are distressed. The distress is the product of a combination of factors. Like the situation in the global industry, surging price of crude oil has raised operational cost of 100%. The cost of fuel sometimes account for as high as 40% of the operational cost of the airlines. Nigerian carriers, like their counterparts in developed...
AVIONEWS - World Aeronautical Press Agency - 1117653
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency