Company Advises FG On Plan To Float New Airline

Company Advises FG On Plan To Float New Airline

Company Advises FG On Plan To Float New Airline

Mr Nick Fadugba, the Chief Executive Officer, African Aviation Services Limited, on Sunday advised the Federal Government to exercise caution with its plan to float a new airline.

Speaking with Aviation Correspondent in Lagos, Fadugba said the government should ensure that such new national carrier could stand the test of time.

"I hear the Federal Government is planning to float a new airline; I would encourage it to exercise caution because all over the world airlines are consolidating.

"China has four major airlines so if the government is floating a new airline, how will it survive with the existing ones?" he said.

Fadugba advised that rather than float new airlines, the government should strengthen the existing one to run profitably and provide affordable and safe services.

According to Fadugba, many deals have been signed by the government and the private sectors in the past.

"These deals were later revoked because they had wrong intentions and a few years down the line, we found out the deals are not in favour of Nigeria.

"Before we put pen to paper now, we must have a solid deal that will be all-beneficiary and all- encompassing.

"I believe that government has to bring in private sector but it must ensure that the transactions are thoroughly transparent," he said.

On infrastructure, Fadugba advocated a well-articulated and integrated plan for all the airports in Nigeria.

He said that such plan should involve the private sector to attract more funding.

Fadugba commended the present leadership of the Federal Airports Authority of Nigeria (FAAN) for moving in the right direction.

He, however, said that the Nigeria’s aviation infrastructure was lagging behind the rest of the world.

"Even in Africa, we are trailing behind Egypt, Ethiopia and South Africa."

Source: Naija.ng

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