Adigun spoke at a gathering of aviation stakeholders recently in Lagos, regretting that the sector was yet to be taken as a critical business as being done elsewhere.

He stressed that the industry could take a cue from the financial sector, which had evolved with collaboration, consolidation and partnership.

He explained that with the skyrocketing exchange rate, no organisation or airline could successfully operate alone, insisting that the sector may collapse if the partnership was continually ditched.

“It is not rocket science that the industry is where it is today; the dollar is rising against the naira. We all need to know that aviation is a business, and when we talk about business, we talk about profitability and data collection. How do we sustain the Nigerian aviation business? We need to have an economic summit where we open the doors to investors; we need to open up. What are these challenges facing us? This is very important. We cannot continue to stand alone.

“Secondly, are we trading among ourselves? We are not! I can have an Automated Teller Machine card from a particular bank and use it in another bank’s ATM. If I book, for instance, with Aero Contractors, can I use it on Air Peace? We don’t have such a close relationship. We need to collaborate among ourselves.

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