Nigerian airlines now depend on bank loans as fuel costs soar — Onyema

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Allen Onyema Chairman/CEO of Air Peace Limited. [PHOTO CREDIT: Official Facebook page of AirPeace]https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2022/03/Fullscreen-capture-16032022-061020-PM.bmp_.jpg?fit=783%2C486&ssl=1" style="display: block; margin: auto; margin-bottom: 5px;" width="783" />

Onyema’s comments come barely five days after the Dangote Petroleum Refinery announced a reduction in the gantry price of aviation fuel (Jet A1) to N1,450 per litre, highlighting the continued tension between fluctuating fuel costs and the survival of domestic airlines in Nigeria.


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