Local airlines in the country have very slim chances of survival under the alleged current regime of multiple taxes. According to the airlines, sundry charges, under the guise of taxes and levies at airports nationwide, account for at least 65 per cent of revenue accruing to them.
Apparently unable to pay the bills amidst other critical obligations that include maintenance, fuel and personnel, the airlines are more in financial distress with the attendant debt burden cumulatively estimated at N15 billion.
The eight surviving local airlines are at the risk of collapsing if the situation is not checked and made to align with the ‘ ease of doing business’ mantra of the Federal Government. And should the airlines quit operation, it will negatively affect local air travel and revenue accruing to the Federal Government with thousands of aviation workers thrown into the saturated labour market.