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Jibodu: Why airlines can’t breakeven
…Urges carriers to embrace dry-lease option The Chief Operating Officer of Bi-Courtney Aviation Services Limited, operator of Murtala Muhammed Airport (MMA2), Remi Jibodu said it is practically impossible for airlines to break-even because of high Banks’ interest rates and other challenges that the carriers are faced with. He reiterated that the high interest rates of about 30 percent from financial institutions coupled with inflation standing at 27.4 per cent makes it extremely difficult for…
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