ARIK AIR

Nigeria stops Arik Air from firing 300 staff, justifies 100% hike in air travels

Nigeria says the 300 staff of Arik Air who were reportedly fired recently by the airline had not been relieved of their jobs based on the intervention of government.

The government adds that over 100% hike in domestic airfares was inevitable, describing it as one of the consequences of the COVID-19 pandemic.

The Director-General of the Nigerian Civil Aviation Authority, Musa Nuhu, disclosed this in Abuja at the briefing of the Presidential Task Force on COVID-19.

He said, “As regards ticket prices, yes ticket prices have gone up astronomically over the last week or so. That is one of the consequences of the COVID-19 pandemic. The aviation, tourism and travel industry is one of the most devastated industries.

“Because we had a shutdown for several months, the airlines were not making money and there are fixed cost that they have to deal with.

“They have to maintain the aircraft and unfortunately most of these aircraft are maintained outside the country.

Call 0803 239 3958 for free financial consulting advice for your businesses. Attend our bi-monthly Peachtree Sage 50 accounting and reporting seminar.
Reach us or send your financial updates and articles to info@skytrendconsulting.com.

READ ALSO! Naira free fall: Parallel market not determined by demand, supply forces — CBN Governor

READ ALSO! Skytrend Consulting: Financial services and accounting solutions company

READ ALSO! Why The North Remains Headquarters Of Poverty In Nigeria — Kingsley Moghalu

READ ALSO! For failing to give out ‘adequate loans’, 12 banks fined N499bn

READ ALSO! Naira plunge: Speculators will suffer huge loss, Operators warn

READ ALSO! How To Empower Yourself And Generate Income From Mutual Funds

Leave a Reply