Senator Smart, who is Chairman, Senate Committee on Aviation revealed this recently at a news conference in Abuja.
According to him, it is no longer safe to fly Nigerian Airlines and the airline operators in Nigeria are presently battling lots of challenges that should be fixed.
He added that Senegal recently released a sum of 74 million dollars as bail out funds for its Airline operators, and that is an example Nigeria should be following.
His words, “We particularly held interactions with Airline operators and a few important factors came to fore.
“It will indeed require executive orders which must be adhered to.”
“With further and more critical intervention with airline operators in Nigeria, we gathered that approximately N50 billion will be required to meet the requirements of airline operators.
“This increase in bail fund is imperative if we are to keep our economy running, guaranty job security and mitigate retrenchment.
“A critical look at the aviation industry in Africa, Senegal, for instance, which is no competition for the Nigerian Aviation industry in terms of number of airline operators, released a sum of 74 million dollars as bail out funds for its Airline operators.
“Rwanda also released 150 million dollars for its airline operators.
“Taking the scope out of Africa, America for instance released the sum of 58 billion dollars as bailout funds for its airline operators.
“If comparative analysis is anything to go by, it is clear that the N4 billion naira announced by the Federal Government as bailout funds for airline operators will not be sufficient to sustain three of the needs of the 15 scheduled flight operators, save the non scheduled operators.”
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