Local Airlines Spend N44bn Annually On Overseas Maintenance
Overseas maintenance of aircraft costs scheduled local airlines excess of N44 billion yearly.
The capital flight, from a conservative estimate of about 70 operating airplanes, lately soared given the black market exchange rate of close to N500/$1.
Stakeholders said...
THISDAY investigations have revealed that the aviation industry in 2015 and 2016 lost over $2 billion investment from international financiers who wanted a stake in Nigeria air transport sector due to the prevailing economic downturn.
Considering the huge potential market for aircraft maintenance in Nigeria,...
