Chairman of African Business Aviation Association (AfBAA), Mr. Nike Fadugba has called for an immediate review of Nigeria’s Bilateral Air Services Agreement (BASA) to create an enabling business environment for Nigerian airlines.
He says, the multiple entry points and the frequencies of foreign airlines have been more disadvantageous to the Nigeria airlines as opposed to the advantages the agreement was supposed to present.
The AfBAA Chairman made the call at the recent webinar organised by AELEX Partners, the third in the series of its aviation webinars.
According to him, at the time the Bilateral agreement was made, the Nigerian airlines in play at the time was relatively new and now, to ensure the growth of the airlines, there’s a need to review the agreement to properly incorporate the airlines as the agreements do not favour the average Nigerian carrier.
According to Fadugba the multiple entry points have diluted the domestic market for the carriers.
Speaking further, he noted that there’s a need to overhaul the current business plans of the airlines with emphasis on unit cost, load factor and yield.
He also noted that for the airlines to rise above the current situation there should be cooperation among airlines through joint training, MRO, spares pooling, joint operation, interlining and code-sharing.
