African airlines inability to merge threatens survival

Victoria
By Victoria April 26, 2013 11:36

African airlines inability to merge threatens survival

 

At the Nigeria Aviation Summit, Sabre chief Gabriel Olowo, predicted in his speech that Nigerian and African airlines face serious trouble if they did not embrace merger and consolidation. He predicted that by 2050, only 12 airlines would remain in operation.

He also expressed concern on the precarious situation of the Nigerian airlines, which have only 57 aircraft in their fleets, while an airline like South African Airways had over 67 aircraft in its fleet.

He said “Nigerian airlines are at the bottom level of success. The six airlines we have in operations are in the lowest rung of the ladder in terms of revenue, service delivery and good business model. Business climate is shifting from the West to Africa and when that shift comes, the continent’s carrier may be caught napping.”

Victoria
By Victoria April 26, 2013 11:36
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