The threat of an airline shutdown in Nigeria isn’t going away ...Middle East

Quartz - Economy
The threat of an airline shutdown in Nigeria isn’t going away
source : Quartz ( Middle East ) () 11
For the second time this year, domestic airlines in Nigeria have threatened to shut down their operations, citing rising costs, only to back off after a few days.The latest episode started on May 6. A statement supposedly signed by chief executives of 10 of Nigeria’s major airlines announced a plan to suspend flights indefinitely from May 9. Under the umbrella of Airline Operators of Nigeria (AON), the CEOs said they had been subsidizing flights for four months “despite the steady and astronomical hike” in the price of aviation fuel and other costs.AON said the price of aviation fuel (JetA1) has risen from 190 naira per liter to N700 ($1.68), and that it could no longer absorb the costs. The

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