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Unless Nigeria’s domestic airlines come together to form a formidable merger, profitability and progressive benefits inherent in airline business globally may continue to elude them.
Reiterating this point at a conference organized by the Accident Investigation Bureau (AIB), in conjunction with aviation journalists in Lagos on ‘Prevention of human factors in air accident occurrences’, President of Aviation Round Table (ART), Elder Gbenga Olowo, expressed positivism towards the ongoing plans by three more airlines to join the existing domestic carriers across the country.
This came even as he predicted a bleak future for the sector following the negative impact of the COVID-19 pandemic, saying: “Looking at the outlook, it is not very favourable. It might take us another two, three years to get to 2019 level and if we are expanding, we better expand sensibly and economically; not just say I want to do airline for the sake of doing an airline. That is not it.”