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
P
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>>
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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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PHOTOS: OLUFEMI AJASA
Excess crude: Again, govs drag FG to court
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