Nigeria Is Losing Investors As They Battle Economy Crisis
A day after Aero Contractors announced the suspension of operations and placed staff on indefinitely leave over too much fall in their business due to the poor economy in Nigeria, another national airline, First Nation, has closed business. The National Civil Aviation Authority announced on Thursday that First Nation had been ordered to shut down for mandatory maintenance.
The director-general, Nigerian Civil Aviation Authority (NCAA), Muhtar Usman, said in a statement that the indefinite suspension of operations by the airline followed its engine replacement programme involving one of the aircraft in its fleet.
Mr. Usman said with another aircraft due for mandatory maintenance in line with NCAA’s regulations, the airline cannot continue its operations.
“In these circumstances, these airlines clearly cannot continue to undertake schedule operations, hence the inevitable recourse to self-regulatory suspension,” the NCAA boss said. “It is against the Nigerian civil aviation regulations for airline operators to carry out scheduled commercial operations with only one aircraft.”