Future of air transport industry in Nigeria is bright —Sosina

NIGERIAN-born former Secretary General of African Civil Aviation Commission (AFCAC), Ms. Iyabo Sosina, has suggested that to reposition the country’s aviation sector there must be a stronger civil aviation authority, to ensure the provision of regulatory oversight without undue political interference.

She stated that the country needs between two and four airlines to operate on the domestic, regional and international market.

Speaking during the 3rd webinar series by Aelex Partners, Sosina noted that CAA must carry out total safety, security, economy audit of the industry to identify gaps and put in place appropriate strategies to address the identified gaps.

While emphasising the need to carry out a bench marking exercise of the industry in order to learn from the steps that had been taken by developed countries in the restart and recovery paths for their industries, Sosina declared: “The first opportunity for me is the fact that aviation industries in most nations of the world have also been impacted and they are also in the process of rebuilding their industries and this is taking place everywhere, so Nigeria is not particularly worse off and so we can take advantage of this particular situation.”

“We have the opportunity to start on a clean slate and try and get it right this time because we haven’t always gotten it right especially the airlines. So there is need for us to reposition the aviation industry.”

Sosina, however expressed optimism that the industry would weather the storm it was presently grappling with, stressing that the future of air transport industry in Nigeria was bright.

The former AFCAC scribe posited that there was the need for the country to go back to the drawing board and see how they could possibly reduce the number of airlines.

According to her, it does make sense to have two to four airlines that are stronger and must be competitive on the domestic, regional and global market.

Emphasising a paradigm shift in the way airlines do business and the need for airlines to change their business models, Sosina added that business cannot be the same as usual especially with the provision of some stimulus packages to ensure that the Industry survives just as has been done by governments in all parts of the world.

Her words: ”Therefore, the airlines must change the way they do business and this unfortunate situation we find ourselves in is a perfect motivation needed to engender the needed change. This period is a good opportunity for the airlines to re-evaluate their debts, their operations and change their business models to include transparency, accountability, cooperation and collaboration with emphasis on these four attributes, all successful businesses all the world over.

“The market in Nigeria as it stands cannot support more than two to four airlines, these airlines must boast of a minimum of 10-20 aircraft. The days of one or two commercial operation aircraft should be long gone, it is simply not viable, as mergers cannot be forced right by government, it is incumbent on the airlines to initiate and explore collaborative ways of doing business that would ensure healthy cooperation and competition.

 

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Buy and read digital replicas of your TRIBUNE titles by subscribing through E-VENDING

Nigeria’s COVID-19 Cases Hit 13,464 After 663 New Infections
The Nigeria Centre for Disease Control (NCDC) has confirmed 663 new cases of COVID-19 in the country, bringing the total number to 13,464… Read full story

Olu Jacobs Is Alive, Says Lala Akindoju
As anxiety over the rumoured death of veteran actor, Olu Jacobs, heightened in the last two hours, popular actress and a close member of the family, Lala Akindoju, has debunked the death rumour. Rumours of the demise of Jacobs were rife on social media platforms but Akindoju said the news should be disregarded as Jacobs was doing fine… Read full story

Edo 2020: APC Inaugurates Screening Committee
The All Progressives Congress (APC) National Working Committee, on Tuesday, inaugurated screening and appeal Committees ahead of June 22 governorship primary in Edo State. Professor Jonathan Ayuba will serve as Chairman of the Screening Committee, while Professor Abubakar Fari will lead the Appeals committee… Read full story

Senate To Investigate BPE Over Non-Performance Of Paper Mills
Senate Committee on Privatisation has been mandated by the Senate to investigate operations and non-performance of paper mills sold by Bureau of Public Enterprise (BPE) to private owners… Read full story

Reps Halt Sale Of NECO Buildings, TSB, International Trade Fair
The House of Representatives, on Tuesday, directed the supervisory Boards of Tafawa Balewa Square (TBS), International Trade Fair Complex, as well as management of National Examination Council (NECO) to halt the sale and concession of all properties within and outside the country, pending the conclusion of the… Read full story

CEO Tonimas Oil And Gas, Anthony Enukeme Is Dead
The Chief executive officer of Tonimas Oil and Gas, Chief Anthony Obiagboso Enukeme is dead. Chief Enukeme, who is also APGA board of trustee member passed on at the early hours of Monday… Read full story

Court Declares Aguma Rivers APC Acting Chair
A Rivers State High Court sitting in Port Harcourt has declared Hon Igo Aguma, the Acting Chairman of the All Progressives Congress in the state. The court also compelled the party to allow all members of the party loyal to Sen Magnus Abe, who purchased from for the congresses of the party in 2018 to take part in the process… Read full story

COVID-19: Gombe Taskforce Raises Alarm Over Upsurge In Positive Cases, Cry For Lack Of Funds To Operate
In his periodic update on the COVID-19 pandemic situation in the state, Chairman of the Gombe State COVID-19 Taskforce, Professor Idris Mohammed, has raised an alarm of community spread of the infection… Read full story

EDITORIAL: Bandits On The Prowl
LAST week, Katsina State governor, Honourable Aminu Bello Masari, vowed that he would no longer negotiate with bandits in the state. His grouse was that they had reneged on an agreement reached with the state government. According to him, they promised to repent and leave the North-West, but “they did not… Read full story

You might also like
Comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More