Airlines don’t benefit from airfare hikes – Okonkwo claims
Aviation expert, Okonkwo, has stated that airlines do not necessarily profit from increases in ticket prices. According to him, higher airfares often reflect rising operational costs rather than guaranteed profits for carriers. Okonkwo explained that factors such as fuel prices, maintenance, and airport charges significantly impact airline expenses. As a result, even when fares rise, […]
Nigeria Spent ₦19 Billion on Presidential Aircraft in 15 Months
The Nigerian government has spent over ₦19.43 billion on maintaining and operating its Presidential Air Fleet (PAF) between July 2023 and September 2024. A significant portion of this spending went toward foreign exchange needs for operations outside Nigeria, including fuel and maintenance paid in U.S. dollars. In 2024 alone, the fleet’s expenses reached ₦13.55 billion, […]