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Nigerian airlines now depend on bank loans as fuel costs soar — Onyema

Nigerian airlines now depend on bank loans as fuel costs soar — Onyema

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Allen Onyema Chairman/CEO of Air Peace Limited. [PHOTO CREDIT: Official Facebook page of AirPeace]

Onyema’s comments come barely five days after the Dangote Petroleum Refinery announced a reduction in the gantry price of aviation fuel (Jet A1) to N1,450 per litre, highlighting the continued tension between fluctuating fuel costs and the survival of domestic airlines in Nigeria.

The post Nigerian airlines now depend on bank loans as fuel costs soar — Onyema appeared first on Premium Times Nigeria.

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