Speaking on the strategies employed by foreign airlines to undermine Air Peace, Onyema expressed concerns about deliberate under-pricing tactics aimed at pushing Air Peace out of the market. He emphasized the importance of government support in countering these tactics and ensuring a level playing field for local carriers.
Amidst Air Peace’s entry into the London route, Chairman Allen Onyema discussed encountered challenges and notable price reductions. Moreover, Onyema emphasized how Air Peace’s presence has substantially lowered ticket prices, benefiting Nigerian travelers significantly.
In addition to operational hurdles, foreign airlines have employed under-pricing tactics, aiming to edge Air Peace out. Onyema stressed the critical need for government support in countering these tactics and ensuring fair competition.
Despite operational hurdles like delayed slots and logistical issues at Gatwick, Onyema maintains optimism for Air Peace’s future.
He believes in overcoming challenges with determination and sees a bright future for the airline’s operations on the London route.
He urged the government to intervene and address infrastructure deficiencies that hinder the aviation sector’s growth.
Onyema stressed Nigerian airlines need access to dry lease, cutting costs and boosting competitiveness in the industry. Dry leases help airlines avoid costly wet leases, enhancing financial stability and sustainability, crucial for market viability. He called for government-to-government bilateral talks to address the challenges faced by local carriers and ensure a fair operating environment. These talks could facilitate discussions on regulatory frameworks, infrastructure development, and industry support measures necessary for the growth and success of Nigerian airlines.
Onyema’s advocacy for access to dry lease arrangements and bilateral talks underscores the importance of government intervention in fostering a conducive environment for the aviation sector. By addressing regulatory barriers and providing necessary support, the government can empower local airlines to thrive and contribute significantly to the country’s economic development.
In conclusion, Onyema reiterated Air Peace’s commitment to providing affordable and reliable air travel services for Nigerians and called for collective efforts to overcome obstacles and promote the growth of the aviation sector.
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