As airlines in Nigeria continue to suspend operations due to the various economic challenges confronting them, experts have identified the huge cost of foreign maintenance, repair and overhaul (MRO), which totals $3 billion annually, as a major drain on their profitability.
Aviation experts who disclosed this also called for a holistic approach to solving the lingering crises in the sector.
It was gathered that two domestic airlines, Aero Contractors and First Nation Airlines, suspended their operations recently.
Speaking with Newsmen Friday yesterday, the […]
President Muhammadu Buhari will spend N3.914bn on the maintenance of the Presidential Villa, Abuja this year. This is apart from another N282.962m he has already set aside for the General Maintenance Services of State House (Headquarters); and the N41.844m budgeted for General Maintenance Services of State House Operations (Vice President).
These figures are contained in the details of the 2016 Appropriation Act recently signed into law by the President and made available on the website of the Budget Office.
According to the details, […]