x

FAAN blames hike in airplane tickets on exchange rate, fuel price

The Federal Airport Authority (FAAN) has blamed the recent hike in air transport fare on increased cost of aviation fuel and Nigeria’s exchange rate.

The Head of Cooperate Communications, Port Harcourt International Airport, Kunle Akinbode, stated this in an interview on Monday in Port Harcourt.
He said aviation fuel, which sold for N250 per litre, now sells for more than N400 per litre, adding that the hike also includes increasing prices of spare parts.
“FAAN and other regulatory agencies in the aviation industry are conscious of the plight of airport users, especially in respect to increased air fare by the various airlines.
“Currently, aviation fuel is selling for over N400 per litre, all aircraft components, parts required for operations are imported, so this has invariably affected air fare.”
On how the new rate is affecting patronage by passengers, Mr Akinbode noted that patronage was considerably good, irrespective of the high flight rate.
“Nigerians will still fly irrespective of the cost because speed and security is a major advantage of air transportation over road,” he said.

Hot this week

Tinubu’s rapid development will make Abuja compete with World major world cities — Wike

By Joyce Remi-Babayeju ‎The FCT Minister , Barr. Nyesom Wike,...

Bayelsa Police Commissioner Commends Citizens, Tactical Team for Murder Suspect’s Arrest

By Amgbare Prince, Yenagoa The Bayelsa State Commissioner of Police,...

20 Die, Several Missing in Kogi Boat Accident

By Noah Ocheni, Lokoja At least 20 people have died...

Customs Sets October 2 for Online Test of Superintendent Cadre Applicants

The Nigeria Customs Service (NCS) has scheduled the online...

Kaduna Human Rights Activist Arrested Over Alleged Kadpoly Land Racketeering

By Achadu Gabriel, Kaduna A Kaduna-based human rights activist, Comrade...

NYCN Launches Tinubu CARES, Empowers Traders as Nigeria Marks 65th Independence

…Rolls out entrepreneurship fund to boost small businesses …..Distributes modern...

Wike Condoles With Arise News Over Death Of News Anchor, Vows Killers Will Be Apprehended

By Joyce Remi-Babayeju The FCT Minister, Barr. Nyesom Wike, has...

Sixty-Five Cheers to a Great Nation in Need of True Reflections

The Pan Niger Delta Forum (PANDEF), on behalf of...

Nigeria @65: United, prosperous nation possible under Tinubu administration – Amagbein

By Our Correspondent Better, united and prosperous Nigeria is possible...

NNPC Foundation Boosts Economy with Agricultural Intervention, Say Kano Farmers

By Jabiru Hassan Farmers in Kano State have commended the...

Kogi Boat Mishap: Death Toll Rises to 36, 40 Rescued

By Noah Ocheni, Lokoja The National Inland Waterways Authority (NIWA)...

Nigeria @65: Claims of Progress Are Deceptive – Activist Ukegbu

A social rights activist, Comrade Okechukwu Keshi Ukegbu, has...

Related Articles

Popular Categories

spot_imgspot_img