Business
Airline Operators Seek FG Assistance On Aircraft
The Federal Government has been urged to boost the aviation sector by assisting airlines to invest in aircraft acquisition through the manufacturing companies, instead of investing directly in the sector.
An Aviation expert, Captain John Agha (rtd) who gave the advise last Friday in Port Harcourt, said such funds could be provided for aircraft acquisition the way governemtn provided funds through the Aviation Intervention Funds, which some airlines accessed to service their debts with the banks.
According to him, “I will advise government to continue what it has started, in the sense that it gave out money to Bank of Industries (BOI) in what should be called the debt buy back, a kind of intervention fund that endables the bank to take from it the money that an airline owes it. I am not asking them to give anybody money but they can give the money straight to the aircraft manufacturers so that there won’t be a situation where they give somebody money and he goes to start building house somewhere. In that way government can give the money to only the manufacturers on behalf of the airlines that want it and then to ensure that it is only for aircraft acquisition” he posited.
He maintained that it is only through this way that government should fund the industry, noting that direct funding would breed corruption and make industry operators lazy.
“I don’t want government to invest in the industry because we know what that has done to us in the past; in fact, it makes us lazy. Airline is a very challenging industry and anybody who wants to operate in it should be able to have the knowledge. So, what I would advise is still in the same manner, if government can fund or provide the airlines funds to bring in equipment, I can assure you, if you have brand new aircraft you can always equip yourself and maintain it,” he said.
Rtd capt Agha who also managers a consulting firm on aviation, Agha Consult, lamented that Nigeria Spends about N7.5 billion ($ 50 million) on aircraft maintenance overseas, saying that to build aircraft maintenance facility in Nigeria, government should provide land to those that own airlines who actually maintain aircraft, stressing that such maintenance facility is overdue.
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