Sanusi: Huge taxes contributory factor to airline high mortality rate

Sanusi: Huge taxes contributory factor to airline high mortality rate

The Chief Executive Officer of Aero Contractors, Capt. Ado Sanusi has again highlighted the difficulties airlines face in the country. Sanusi, who spoke to Aviation Metric at the weekend, lamented that the huge taxes faced by carriers are a contributing factor to airlines death, stressing that they form a major contributory factor to aircraft going under. His words, “The reason is that airlines are heavily taxed in this country. There’s multiple taxation because you’re not…

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Why Nigeria’s wet lease pact remains unprofitable-Sanusi

Why Nigeria’s wet lease pact remains unprofitable-Sanusi

..Lists reasons airlines struggle   The Managing Director of Aero Contractors, Capt Ado Sanusi has given the reason why wet leased aircraft are only profitable for a very short period. In a media briefing in Lagos, the airline chief explained that the profitability of a wet lease is only determined by the stability of the local currency which is the Naira in Nigeria. He however stated that the closing of different tiers of exchange rates…

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