Nigerian airlines have borrowed more than N60bn from local banks to finance aviation fuel as soaring Jet A1 prices continue to worsen financial pressure on operators.
Air Peace Chairman Allen Onyema has vowed that Nigerian airlines will not be intimidated by aviation unions' planned picketing over the Ticket Sales Charges dispute. He urged stakeholders to address the industry's operational challenges instead of disrupting airline operations.
Aviation unions have threatened to shut down airlines accused of withholding statutory ticket sales charges collected from passengers after the expiration of multiple ultimatums, warning of possible nationwide flight disruptions.
