More
    HomeBusinessDomestic Airlines Operators Demand Special Forex Window, Consider Flight increment 

    Domestic Airlines Operators Demand Special Forex Window, Consider Flight increment 

    Published on

    By Charles Ebi 

    Airline Operators of Nigeria (AON), has requested for a special foreign exchange window for airline operators to access dollars, spokesperson of the Airlines Obiora Okonkwo dropped the hint while appearing on Arise Television, Morning Show

    Okonkwo said the aviation sector is increasingly finding it difficult to exchange their naira for dollars, as the United States currency is not readily available when needed.

    “You have naira and you can’t convert it to the dollar. So, the solution to this is for our minister to understand that we need a special window with the CBN to access foreign exchange,” he 

    Highlighting the struggles of Airline operators amid forex scarcity and high aviation fuel prices, Okonkwo said should the domestic airlines reflect their cost of operation on ticket price, Lagos to Abuja will be N250,000.

    The AON spokesperson said: “If you think tickets are expensive, then you probably don’t appreciate the sacrifices made by local operators. If we have to charge the fares, the way the costs are increasing every day, we should be paying not less than N250,000 from Lagos to Abuja.”

    He called on the new Aviation minister, Festus Keyamo, to help tackle the rising cost of aviation fuel. He criticised the staff of the Nigerian National Petroleum Company (NNPC) Limited, insinuating they are bleeding the airlines.

    “The new minister should work with other agencies of government to rid the sector of speculators,” Okonkwo, who is also the Chairman of United Nigeria Airlines, counsels.

    He added: “There is no reason, no matter the international price of crude oil, that the aviation fuel should be delivered to the pump for more than N500. Everything you see on top of it are speculations and I am calling out on NNPC staff to let this country free.

    “It may not be entirely the responsibility of the aviation minister but he has to look and work with other government agencies to fish out the bad eggs within the system because the people doing all these harm are people in the system.”

    Meanwhile, he called on Keyamo not to interfere with the aviation regulations as allegedly witnessed during the tenure of his predecessor, where workers of the regulatory bodies were given appointments by the ministry.

    “The current minister should not interfere with the regulations. We had a very terrible past where the regulatory employees were given employment letters from the Federal Ministry of Aviation.

    “That’s absurd and unacceptable. So, let the regulatory system remain. Also, look into the latest appointments that were made before the end of the last administration,” Okonkwo said during the interview.

    Meanwhile, Airline operators are considering an increment in the price of flight to N250, 000.

    The AON spokesman emphasized the need for the Central Bank of Nigeria, CBN, to create a window for local airlines to access foreign exchange.

    According to Okonkwo: “If you think tickets are expensive, then you probably don’t appreciate the sacrifices made by local operators.

    “If we have to charge the fares, the way the costs are increasing every day, we should be paying not less than N250,000 from Lagos to Abuja.”

    He also charged the Aviation Minister, Festus Keyamo, to collaborate with other governmental bodies to identify and resolve issues responsible for problems in the aviation sector.

    On the issue of foreign exchange challenges, Okonkwo said: “You have naira and you can’t convert it to the dollar.

    “So, the solution to this is for our minister to understand that we need a special window with the CBN to access foreign exchange.”

    Latest articles

    Miss Nollywood vows to transform movie industry, impact lives across Nigeria

    Olu Samuel, Lokoja Newly crowned Miss Nollywood international beauty Queen, Hassana Ozohu Salisu has drafted...

    Tony O. Elumelu Calls for Collaboration at NUPRC’s 3rd Anniversary

    By Hosea Parah, Abuja Tony O. Elumelu, CFR, Chairman of Heirs Holdings Group, UBA Group,...

    I give Nigerian Army credit for my blooming music career: Kollington

    set to launch rebound album in Nov By Olufemi Oni, Ilorin The legendary Fuji...

    Benue PDP Holds Expanded Caucus Meeting

    By Michael Inyaregh The People's Democratic Party (PDP) Benue State chapter held her stakeholders'...

    More like this

    Miss Nollywood vows to transform movie industry, impact lives across Nigeria

    Olu Samuel, Lokoja Newly crowned Miss Nollywood international beauty Queen, Hassana Ozohu Salisu has drafted...

    Tony O. Elumelu Calls for Collaboration at NUPRC’s 3rd Anniversary

    By Hosea Parah, Abuja Tony O. Elumelu, CFR, Chairman of Heirs Holdings Group, UBA Group,...

    I give Nigerian Army credit for my blooming music career: Kollington

    set to launch rebound album in Nov By Olufemi Oni, Ilorin The legendary Fuji...