Business
COVID-19: Air Peace, Arik, Others Suspend Domestic Flights
Air Peace, Arik Air, Dana Air, Azman and Max Air have said that they will be suspending all their domestic flight services as part of efforts to curtail the spread of the coronavirus.
While Air Peace, Arik Air and Azman’s suspension will become effective from midnight of Friday, March 27 (today), Max Air will begin on Saturday, March 28.
Dana said its service would be suspended from midnight of Wednesday, March 25.
The Media and Communications Manager of Dana Air, Kingsley Ezenwa, said the airline’s suspension would be for two weeks.
The Chief Operating Officer of Air Peace, Mrs Toyin Olajide, said the airline’s flight operations would be suspended for 23 days.
She said: “This difficult decision was reached in order to, not only, support the efforts of the Federal Government and other stakeholders in curbing the spread of this virus in our nation but also to protect our teeming passengers and our staff from becoming victims of the pandemic.”
”Continuation of flight operations in the present circumstances we find ourselves as airlines could lead to the total collapse of any airline hence the need to quickly stem the rising financial burden and cost of operations.”
Olajide said normal scheduled flight operations would resume on April 20, adding that the airline would be willing to operate special flights both for the government and the people.
The Chief Executive Officer of Arik Air, Capt. Roy Ilegbodu, said the airline would also be available to support government emergency, humanitarian and charter flight requests during the period of suspension of air transport operation.
Aero Contractors had last Tuesday said its flight services would be suspended from the midnight of Thursday (yesterday).
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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