Airlines To Lose Aircraft Over Struggle To Raise Forex

Domestic airlines are set to lose some of their aircraft over the struggle to raise enough foreign exchange to run checks and conduct comprehensive maintenance of their fleets overseas.

Naija News learned that aeroplanes flown abroad would be forced to remain in various maintenance facilities until the airlines can pay for their repairs and subsequent return to service in Nigeria.

According to The Punch, any aircraft that develops a fault beyond A and B checks, which can be done in Nigeria, will be parked.

Also, any aircraft that is due for a major check, such as the C-check, which is only carried out overseas at the moment, would be parked.

In a chat with reporters, the Group Managing Director, Finchglow Holdings, Bankole Bernard, said the depletion of aircraft would further deepen the crisis in the aviation industry as airlines are losing seats.

Bernard stated that the aircraft depletion has given rise to high demand, high airfares, flight delays and cancellations.


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