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Acquisition, merger vital for airlines’ survival, says Aisuebeogun
A former Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mr. Richard Aisubeogun, has said that mergers and acquisitions are the panacea for the survival of the country’s airlines. The fragmented and microscopic nature of Nigeria’s domestic aviation market are majorly responsible for why the nation’s carriers are not competitive. He stressed that “domestic airlines should consider mergers and acquisitions, which will enable them to spread risks, sustain their operations, provide better access…
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