Home Business Why Arik Air can’t be Nigeria’s national carrier — Minister

Why Arik Air can’t be Nigeria’s national carrier — Minister

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The Minister of Aviation, Hadi Sirika, has offered explanations on the status of Arik air with regards to becoming the country’s national carrier.
Sirika offered the explanation when he spoke with State House Correspondents after the Federal Executive Council meeting on Wednesday.
He said there was the need to understand the standpoint of the Ministry of Aviation on the issue.
Sirika said the carrier that he intended to bring was such a carrier that would support national economy with $450 million GDP for 200 million people, very equipped to compete favourably.
According to him, 80 per cent of international airlines that have dominated Africa are non-African.
He added: “In view of the AU Agenda 2063, the Single African Aviation Market, we thought that there will be an airline that will take up that challenge, that will take advantage of it and be able to provide services to our people.
“Nigeria, being the first country to kick-start the declaration in 1999, to establish a one common market in Africa; at the time, we wanted to take advantage of the Nigeria Airways, which was the strongest airline on the continent, and we thought that we could take advantage of that and it would pay Nigeria very well.
“Tables turned, decisions were reversed and now Nigeria was unlucky to have an airline that can participate in that manner.
“So, the answer to your question is that Arik, as presently constituted, is not in line with the thinking of the ministry.
“It will not be able to give us that airline that we need.
“However, Arik, as an entity, since it is private-sector driven, can either buy shares in the new ventures or invest in any manner in the business as presently approved.”
The Minister said he was not implying that other airlines would go down when a national carrier came on board as it was the Ministry’s duty to support business in the sector.

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SOURCE: Read the Original Article on Eagle Online

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