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[Nigeria] Local airlines to shut operations Monday as Jet-A1 hits N700/Litre
The Guardian Nigeria ^

Posted on 05/07/2022 7:55:02 PM PDT by ameribbean expat

Local airlines yesterday notified the Federal Government and the general public of the plan to shut down all scheduled services indefinitely effective next Monday, May 9, over unbearable cost of aviation fuel that currently sells at N700 per litre.

The airlines, under the aegis of Airline Operators of Nigeria (AON), in a memo yesterday, regretted consequences of the “inevitable” shutdown on travellers that have already booked to travel.

In a similar vein, aviation workers’ unions have also notified the government of a two-day warning strike in protest against unresolved Conditions of Service and outstanding welfare concerns, starting from Monday, May 9.

President of the AON, Abdulmunaf Yunusa, in the memo endorsed by nine other airline chiefs, noted that government’s earlier intervention in the aviation fuel crisis had failed to forestall imminent shutdown, with Jet-A1 scaling the N500/litre benchmark to N700.

*****

He observed that aviation fuel price had in about 12 months risen from N190 per litre to N700 currently.

(Excerpt) Read more at guardian.ng ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS:
Long hot summer.
1 posted on 05/07/2022 7:55:02 PM PDT by ameribbean expat
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To: ameribbean expat

So how are Nigerian princes to get around?


2 posted on 05/07/2022 8:01:37 PM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: ameribbean expat

I’ve heard aviation fuel and diesel are in short supply these days. Europe especially is supposed to be hurt significantly with diesel shortages.


3 posted on 05/07/2022 8:05:46 PM PDT by jimwatx
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To: jimwatx

I predicted a month ago gas would hit $8-$10 a gallon by next year, don’t Believe Biden when he claims inflation will go down as the supply chain catches up. Inflation is going to shoot through the roof worldwide.


4 posted on 05/07/2022 8:09:53 PM PDT by jimwatx
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To: ameribbean expat

Coming to America.


5 posted on 05/07/2022 8:14:13 PM PDT by E. Pluribus Unum (Your bat-excrement crazy mental illness does not impose an obligation upon me to deny reality.)
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To: ameribbean expat

That’s about $6.75 a gallon, yes?


6 posted on 05/07/2022 8:44:56 PM PDT by Two Kids' Dad (((( When tyranny becomes law, resistance becomes duty. ))))
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To: jimwatx

I was driving to my mom’s house yesterday. Gas was $4.09/gallon and diesel was $5.49/gallon.
I put $50 in my Ford Ranger and the gauge showed only ¾ full. The next 2½ years are going to be a long hard slog.


7 posted on 05/07/2022 9:32:20 PM PDT by oldvirginian (Sex is like the game of Bridge......if you don't have a good partner you better have a good hand. 😁)
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To: oldvirginian

My neighbor recently bought a Ford F350 Super Duty with a plow, he’s lucky if it gets 8 mpg. He was so proud and happy when he bought it, but now not so much lol. He now drives his wife’s car as much as possible when she’s not at work.


8 posted on 05/07/2022 9:39:25 PM PDT by jimwatx
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To: ameribbean expat

Does this mean that $20 million from my dead uncle isn’t going to arrive as promised?


9 posted on 05/07/2022 9:57:38 PM PDT by GaryCrow
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To: jimwatx

This is a hard time to own a truck as your neighbor found out.
Why anyone would buy a full size truck unless they absolutely need it is beyond me. I see guys now with ¾ ton duallies that just drive them back and forth to work. Maybe some deer hunting. Complete insanity.
Even when I was working on the farm I could get by with a half ton pickup with a decent 6 cylinder. Anything the ½ ton couldn’t haul we loaded on the old Studebaker 1 ton.


10 posted on 05/08/2022 3:43:23 AM PDT by oldvirginian (Sex is like the game of Bridge......if you don't have a good partner you better have a good hand. 😁)
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