The Chief Executive Officer of Air Peace, Allen Onyema, has disclosed that they cannot afford the cost of aviation fuel anymore.
He said they have only three more days to fly because of the rising cost as well as scarcity of aviation fuel (ATK).
Onyema who is also the vice president of the Airline Operators of Nigeria (AON), made this known on Monday at the public hearing of the House of Representatives committee investigating the scarcity of aviation fuel.
He said the AON members may start charging Nigerians N120,000 per ticket for domestic flights and can only operate for the next three days before they shut down.
“If we continue this way, the least ticket you will have is about N120,000. And the marketers have refused to tell us how much is the unit cost of their acquisition,” he said.
He said if ATK marketers did not reduce the price of the commodity from the current N670 per litre, regulators should give the airlines license to import.
“What we are asking from the government is to give us the right to import aviation fuel. What others use in insuring one plane is what we use in insuring three planes in Nigeria, so the Nigeria airline is dead on arrival.”
Therefore, after about one hour of argument on the cost of aviation fuel at the hearing, the airline operators and marketers agreed on N500 per litre for the next three days, while they work on new price modalities.
The panel also summoned the ATK marketers to appear before the committee for hearing.
