Airline operators on Wednesday revealed that 47 airlines have folded up in the last 30 years owing to the unfavourable operating environment, Punch reports.
The operators told the House of Representatives Committee on Aviation that the dwindling fortunes of some airlines in the country can be traced to the harsh operating environment.
The Secretary General, Airline Operators of Nigeria, Capt. Mohammed Joji, who spoke on behalf of his colleagues, attributed the development to “policy formulation, policy deviation and policy contradictions on the part of the executive arm of government.”
He stated that the Federal Government tried to address the situation in 2006 through the Presidential Task Force set up by former President Olusegun Obasanjo.
However, he noted that there had been no remarkable change in the way government agencies in the aviation sector churned out policies because the report of the task force was not implemented.
The committee held a public hearing at the National Assembly on the need to rescue the airlines from imminent collapse.
Aero Airlines, First Nation and Arik Air few months ago suspended operations due to unfavourable operating environment according to News24