The Federal Government says it is to begin disbursing N5bn bailout it approved for the operators in the Aviation sector.
The Minister of Aviation, Senator Hadi Sirika, disclosed this on Monday at the opening of a three-day public hearing on the six executive bills organized by Senate committee on Aviation.
The minister said the airliners would get N4bn and others N1bn.
Earlier, the Chairman of the committee, Senator Smart Adeyemi, urged the Federal Government to explore the possibility of providing bail out funds for the Airline Operators.
He said the aviation industry was the most affected by the COVID-19 pandemic and “therefore need all the support possible to resuscitate the industry.”
“In the absence of this, so many airlines will struggle to stay in business or worst still, be forced to withdraw their services.
“Bail out funds will discourage operators from cutting corners as the consequences can only be better imagined.”
