Who Won the U.S. Presidential Debate?

This is happening at a time when air travellers have been complaining about the high airfares caused by the shortage of aircraft in the country.

The grounding of the aircraft followed the alleged inability of Arik Air to repay a $2.5m debt owed a billionaire businessman, Mr Arthur Eze.

Before the grounding of Arik Air, the country had been struggling with aircraft shortages, occasioned by different factors. The most notable cause of aircraft scarcity is the country’s foreign exchange crisis, which made it difficult for many airlines to bring back their aircraft from maintenance facilities abroad.

The spokesperson of the Association of Airlines Operators, Prof. Obiora Okonkwo, noted that multiple taxation by the government was also inimical to the operations of the airlines. As a result, he said some airlines plying local routes were living on ‘life support’.

Responding to the many challenges, last Friday, the Minister of Aviation and Aerospace Development, Festus Keyamo, told the stakeholders at the 2024 edition of the annual conference by the League of Airport Aviation Correspondents that all hands were on deck to reduce airfares.

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