Operators say N5bn airline fund small | Dailytrust

Operators say N5bn airline fund small

Hadi Sirika, Minister of Aviation
Hadi Sirika, Minister of Aviation

Shocks have trailed the Federal Government’s approval of N4 billion intervention fund for airlines as some operators said it is too small to address any challenge facing the airline industry.

Minister of Aviation, Senator Hadi Sirika had announced the approval of N4bn for the airlines and N1bn for other businesses within the civil aviation sector, but it is yet to be released.

At the Senate Committee on Aviation hearing, the Committee Chairman, Senator Smart Adeyemi, said the money was too meagre as he asked for a review.

The operators joined this call saying the bailout was “abysmally meagre”.

“We still waited until the money would be disbursed. We don’t have the details yet, we don’t know how they want to share the N4bn for all the airlines. Until then we can make our position known,” said an operator.

The Managing Director of Westlinks Airline, Captain Ibrahim Mshelia lauded the move. “I would only plead that the government should rethink it and look at it because there is no economy that would grow in this modern time without aviation,” Mshelia said in a Radio Nigeria interview.

Mshelia suggested a palliative of N1 trillion or more to address airline challenges.

He said funds were needed urgently by airlines for aircraft maintenance, training and retraining, spare parts, Jet A1, among others.

General Secretary, National Union of Air Transport Employees (NUATE), Comrade Ocheme Aba stated that the N4bn was not enough to pay one month salary of the airline workers.

“When you look at it in terms of the quantum of what is needed as a bailout, then it is really not something we should say hurray about,” he said.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
Media Trust Ltd

Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410