Air Peace loses N1.2b in W/African operations

Chairman and Chief Executive Officer, Air Peace, Mr Allen Onyema yesterday said the carrier lost over N1.2 billion in its flight operations into West African countries last year.

Speaking during the inauguration of board members for the airline in Lagos, he said the loss came as a result of the hurdles put on the way of the airline by countries such as Togo, Cote D’ Ivoire and South Africa which will not give way for Nigerian carriers for fear of competition.

He urged the Federal Government to evolve policies to protect indigenous carriers from the predatory practices of some African countries which denies it approval to operate and prohibitive landing and handling airport charges.

Onyema said there are no plans to hurriedly prepare the airline for listing in the Nigerian Stock Exchange (NSE).

He said the ultimate plan was to prepare a solid ground for the airline’s sustainability as a going concern before preparing it for listing.

He said the airline will not reverse its order of the Boeing 737 – 800 Max aircraft. He said the aircraft manufacturer invited Air Peace pilot for training on the problems of the aircraft type, which has since been addressed. Onyema said the order of the 10 Boeing 737-800 Max will  be achieved in four years.

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