Friday, September 21, 2012

Page 1

Jonathan puts issuance of N5,000 note on hold ONDO .

COUNTDOWN TO

GUBER POLL

NASS replies Maku, says he’s ignorant

GEORGE OJI, ROTIMI FADEYI, EMMANUEL ONANI AND TORDUE SALEM

Vol. 2 N0. 453

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resident Goodluck Jonathan has put on hold the planned introduction of the N5,000

October 20, 2012

note. The Special Adviser to the President on Media and CONTINUED ON PAGE 2>>

29

DAYS TO GO

INEC: 1.6m voters to participate in poll Mimiko runs a one-man govt –PDP P.13

Friday, September 21, 2012

FRONT PAGE COMMENT:

Y

N150

Nigeria’s aviation sector on the brink of collapse

esterday’s suspension of the domestic operations of Nigeria’s biggest airline, Arik Air, just 10 days after the national flag carrier, Air Nigeria, suspended all its operations for 12 months due to difficult operating environment, signals the virtual collapse of the commercial passenger segment of the nation’s aviation industry. Conflicting reasons have been

advanced for the suspension, with Arik claiming that it was a voluntary action, while reports say three aviation industry unions forced the airline to stop operations on account of the huge debt it owed the Federal Airports Authority of Nigeria, FAAN. Ironically, Arik’s suspension came only a day after some senators curiously suggested that the airline should be designated as the national

carrier. Whatever triggered Arik’s suspension only confirms what has been obvious for decades – that the business environment under which local carriers operate is patently hostile – with airline owners struggling to survive amid huge and rising debts, high fuel costs, inadequate and substandard airport infrastructure, lack of

Airports in chaos as C Arik suspends flights

CONTINUED ON PAGE 16>>

TOLA AKINMUTIMI AND OLUSEGUN KOIKI

...passengers stranded, ticket prices soar by 100% ‘Aviation minister wants 5% stake in Arik’ .

IN OPERATION

Aero Contractors IRS Airline Overland Airways Associated Airline

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SUSPENDED

Arik Air Air Nigeria *First Nation *Dana Air *Chanchangi Air

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haos reigned supreme yesterday at the General Aviation Terminal, GAT, of the Murtala Mohammed Airport, MMA, Lagos and major airports across the nation, as Arik Air, was grounded after members of the aviation industry unions stopped the carrier’s operations as a result of the alleged N20bn debt CONTINUED ON PAGE 2>>

COMATOSE AIRLINES

Okada Air Nigeria Airways Bellview Airline Sosoliso Airline

Albarka Air Afrijet Skyline (Nigeria) Freedom Air

Merchant Express Aviation Cargo Fresh Air Dasab Air Services Chrome Air Services

Premium Airshuttle Savannah Airlines ADC Airline

Passengers stranded after the stoppage of Arik Air services by aviation industry unions over non-payment of debt owed government agencies in Lagos, yesterday.

Protesting union members at the General Aviation Terminal, Lagos yesterday.

Gowon, IBB warn against Nigeria’s break-up

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P.6

PHOTOS: OLUFEMI AJASA

Excess crude: Again, govs drag FG to court

P.4


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Friday, September 21, 2012 by GLOBAL MEDIA MIRROR LIMITED - Issuu