FORMER AFRAA HEAD WARNS AFRICAN CARRIER TO EMBRACE CONSOLIDATION TO SURVIVE

Former secretary general of the Africa Airline Association (AFRAA) and chief executive officer of African Aviation Services Limited (AAS), Nick Fadugba, during a speech at the recent Airport Council International (ACI) conference said that African airlines needed to embrace mergers and acquisitions to enhance their chances of survival. Fadugba, when delivering a paper entitled, “Challenges and Opportunities Facing African Airlines” at the conference, said: “To benefit from economies of scale and enhance their chances of survival, African airlines have to come together and work together through code-shares, win-win joint ventures mergers and acquisitions so as to form stronger carriers that