Poor revenue reason for airline exit from Nigeria – MD of Arik Air


48534The Managing Director of Arik Airline, Mr Alex Elk, said that poor revenue generation was responsible for exit of some airlines from the country.

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This assertion is contained in the September edition of Africa Travel Journal, obtained by the News Agency of Nigeria (NAN) in Abuja on Wednesday.

According to the journal, most Nigerian airlines go to their early exit because of mistakes associated with poor revenue generation and acquisition of aging aircraft.

“Others are lack of good reservation systems and heavy cost of overheads as well as ambitious route networks,’’ it said.

Elk was quoted to have said that Nigerians would soon witness low airfares to any destination within the country.

He said that he was determined to float a profitable low cost airline in Nigeria, noting that there was huge potential in the country’s aviation industry.

“We are mobilising French investors for this purpose and we promised that it will become operational in the next 10 months.

“We have made contacts with Nigerian authorities and they are quite pleased with our plans, and assured us of government support,’’ he said.

Elk stressed that the airline would succeed because it would be devoid of the mistakes associated with most Nigerian airlines which usually lead to their early exit.

The emergence of low cost carrier, he said, would not venture into unprofitable routes and would be run professionally with the right caliber of staff. (NAN)

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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