COVID19: AVIATION SECTOR ON VERGE OF COLLAPSE
Uploaded by admin on April 14, 2020
An Aviation analyst,MR. Chris Aligbe says the industry is on the verge of collapse due to the severe impact of coronavirus pandemic on the industry.
He said Nigerian airlines, aviation agencies, ground handling companies and other ancillary service providers had been hit as a result of the travel restriction imposed globally as a measure to contain the covid-19 pandemic.
In an interview in Lagos, the Aviation analyst noted that for airlines to stay in operations and save thousands of jobs after this health emergency crisis, they would require government’s assistance in form of grants or loans.
According to Mr Aligbe, a loan of less than five per cent payable in 15-20 years must be made available for the airlines, adding that with the assistance, it will take them two years to bounce back and be able to expand.
For Aviation agencies, Mr. Aligbe advocated allocations to agencies like the Federal Airports Authority of Nigeria (FAAN) which depended on flights to generate revenues to run the 22 airports under its purview.
The Aviation analyst also noted that other agencies which will require lifelines to survive the covid-19 crisis, are the Nigeria Air Space Management Agency (NAMA), the Nigerian Civil Aviation Authority (NCAA), the Accident Investigation Bureau (AIB) as well as the Nigeria College of Aviation Technology (NCAT)