Aviation stakeholders seek stimulus packages for airliners

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Aviation industry stakeholders have instructed the government to consider stimulus packages to help airlines ease their operations.

This, they said, is necessary, given the slow recovery of the aviation sector from the COVID-19 pandemic and the socio-economic challenges plaguing the sector. In addition to this, they also came up with solutions to some of the challenges that bedevil the aviation industry.

Speaking at the October Breakfast of the Nigeria-South Africa Chamber of Commerce (NSACC), sponsored by Phillips Consulting to celebrate its 30th anniversary, in Lagos yesterday, NSACC Chairman, Osayaba Giwa-Osagie, who championed the call for stimulus packages to airliners, said there is a need for the government to implement policies and develop infrastructure that will strengthen the sector.

Stressing that stakeholders must constantly engage the government on ways to reposition the sector to be profitable and competitive, he urged air operators to adopt creative initiatives to help manage costs and increase efficiency.

The aviation industry, he said, is a real tool for revenue generation and economic development in Nigeria, adding that “the Nigerian aviation industry has grown in size, capital, investment, management system of safety and quality. The sector is fundamental to facilitating trade, investment and tourism.

Similarly, Chief Operating Officer, Ibom Air and breakfast guest speaker, George Uriesi, said domestic airline operators need to be creative in accessing capital, adding that. airlines need a level playing field to thrive.

Speaking on ‘Aviation in Nigeria: What Next? Uriesi said there is a need for industry players to adopt good corporate governance in their day-to-day operations.

Moreover, the Head of Research and Intelligence, Phillips Consulting Limited (pcl), Samuel Bamidele, said the Nigerian aviation industry is growing and recovering faster from the pandemic than global projections. He added that while there are several pressure points or challenges facing operators in the industry, PCL expects the industry to continue on a positive trajectory.

“One of the strengths of Phillips Consulting’s (pcl.) aviation survey report is low industry capacity, which we infer from the challenges passengers face in obtaining urgent tickets,” he said. and increased costs for late bookings.Furthermore, we found that 16.24% of survey respondents do not prefer any airline, indicating that existing competition and potential new entrants are strong challengers for the market share. “

PCL Senior Partner Paul Ayim said the company launched the Aviation Center of Excellence (CoE) as a vehicle for researching and disseminating best practices in the industry, while making it easier to align structure, processes, people and measures with strategy. .

Meanwhile, pcl business partner Dele Phillips said the company will continue to serve as a hub of excellence to achieve its growth trajectory as a people and for the nation.

“This great place to work is more than just an organization, but also a haven for over 200 former members who have been there and given pcl their very best. We thank everyone who has been part of our success and look forward to a bold future of transformative possibilities with you,” said Philips.

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