…For­eign air­lines not much af­fected

Daily Trust - - BUSINESS -

Most for­eign air­lines op­er­at­ing in Nige­ria are hav­ing a smooth op­er­a­tion as they usu­ally re­fill ei­ther from their home coun­tries or neigh­bour­ing coun­tries where the Jet A1 is cheaper com­pared to Nige­ria, Daily Trust in­ves­ti­ga­tions have shown.

While a litre of Jet A1 costs N170 in Nige­ria for in­stance, it was learnt that the same fuel is priced at $1.30 per gal­lon in the US while in UK, it is about $2.44 per gal­lon.

An in­dus­try ex­pert said, "For­eign air­lines are not af­fected be­cause they do not source their fuel here in Nige­ria. Like the nor­mal Boe­ing 737 has enough fuel to carry you up to five, six to seven hours and these air­lines don't land any­where.

“They do fuel hedg­ing; they have fuel which they got for them­selves or that which they have al­ready hedged, like the one they im­ported them­selves.

"So they don't have to buy fuel in Nige­ria. I know def­i­nitely they don't buy fuel in Nige­ria," he said.

How­ever, Group Capt. John Ojikutu in an in­ter­view with Daily Trust said the fact that for­eign air­lines were not af­fected has fur­ther raised ques­tions about where they sourced their fuel.

He said while most of them could re­fuel from their home coun­tries, there are some that would have to source fuel in Nige­ria es­pe­cially for their re­turn jour­ney.

Checks at the in­ter­na­tional wing of the Mur­tala Mo­hammed Air­port (MMA) in La­gos last Wednes­day showed that in­ter­na­tional flight schedules were be­ing ser­viced with lit­tle or no de­lay while the re­verse was the case at the do­mes­tic wing as most lo­cal flights were de­layed for up to two hours.

A source at the MMA lo­cal pri­vate ter­mi­nal said, "The sit­u­a­tion has not im­proved at all. In fact it is get­ting worse".

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