- Kuku says cargo, sweet spot for FAAN, agency rejigs airport concession plan
- Panic as US-bound United flight makes emergency return to Lagos, passengers injured
- Abuja Airport: Keyamo Rejects Contract Variation Of N532bn For 2nd Runway
- Afrijet, Air Sierra Leone ink ground handling contract with NAHCo
- Delta invests over $1billion on free internet on Nigeria, other routes
Airline industry: Sinking funds into bottomless pit
Warren Buffet in one of his popular quotes said the worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. WOLE SHADARE writes why airlines are perennially troubled Perennial trouble Why are airlines perennially troubled? That is the question agitating the minds of many stakeholders. Amid the gloom, many are still interested in investing in the business only to express their frustrations and regrets…
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