Punch Newspapers·3 min read·medium
Airlines Borrow N60bn for Fuel Amid Rising Operating Costs
P
Princess Etuk
✦AI Summary
Nigerian airlines have borrowed over N60 billion from local banks to cover the rising costs of aviation fuel. Industry operators claim the government has failed to implement promised measures to alleviate the financial burden.
Why it matters
The financial instability of the aviation sector threatens the connectivity and economic health of the region.
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