Investors in Nigeria’s domestic airline business are seeking a direct Federal Government financial bailout to salvage the industry from imminent collapse.
Chairman of the Airline Operators of Nigeria, Capt. Nogie Meggison, in a statement said the industry had sunk into its worst form of financial woes and that only the government could rally round the rest of the stakeholders in the aviation sector to provide the life-line to keep the airline industry alive.
Meggison said that Nigerian airlines create about 90 per cent of the full time employment in the aviation sector today, both locally and internationally.
He also revealed that in the last 30 years the domestic airline industry had never received any form of financial assistance from the Federal Government, pointing out that contrary to widely-held opinion, no airline benefited from the Aviation Intervention Fund of 2011.
(culled from africa.tvcnews.tv)
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