The leading Nigerian domestic air company, Air Peace has acquired two additional aircraft to boost operations ahead of the yuletide season. With the two new aircraft which are the Airbus a320, Airpeace now has 10 aircraft in its fleet.
According to a statement that was released by the airline today, the two new aircraft arrived at the Murtala Muhammed International Airport, Lagos, on Friday night.
The spokesperson of Air Peace, Stanley Olisa noted that with the two aircraft, Air Peace will be able to boost both domestic and regional operations especially as the festive period draws near.
“Air Peace is committed to reducing the air travel burden of Nigerians, and these new airplanes are a testament to this commitment,” he said.
Investors King earlier reported that the demand for air travel has increased significantly which has caused air tickets to increase by more than 100 percent.
A check on the air ticket on Airpeace from Abuja to Lagos shows an average of N75,000 while a near-date booking is as high as N150,000.
The reasons for the rise in demand are linked to the increase in passengers ahead of the festive period and the demand by politicians and their supporters who traveled interstates for political campaigns.
Air Peace spokesperson, Olisa added that the airline will resume its services along the Yola, Uyo, and Monrovia routes.
“We (will) restart Yola, Uyo, and Monrovia services and support our new connections as well as increased frequencies on specific routes,” Olisa stated.
Olisa disclosed that the two aircraft have 162-seater each, with 12 business class seats and 150 economy seats.
He quickly added that the company will acquire more aircraft as it is set for expansion.
“More aircraft are coming, and this includes those on maintenance and a brand new Embraer 195-E2 jet,” he concluded.
Currently, Air Peace travels along two 19 domestic routes, six regional and two international destinations.
IBEDC Disconnects UCH Over N500m Debt, Critical Services Affected
The University College Hospital (UCH) in Ibadan, Oyo State, experienced a disruption in its power supply after the Ibadan Electricity Distribution Company (IBEDC) disconnected the hospital over a debt amounting to N500 million.
Dr. Jesse Otegbayo, the Chief Medical Director of UCH, confirmed the disconnection but refrained from elaborating on the exact cause.
IBEDC’s spokesperson, Busolami Tunwase, acknowledged the outstanding debt owed by UCH but denied that the disconnection was intentional.
Tunwase stated that while UCH owed the substantial amount, the power outage was due to a technical fault in the area, coinciding with the debt situation.
Despite repeated attempts to engage UCH in discussions to settle the debt, IBEDC had resorted to disconnection as a last resort.
The disconnection poses significant challenges to UCH’s critical services, affecting patient care and hospital operations.
While IBEDC emphasized its understanding of the hospital’s importance and commitment to resolving the issue amicably, the situation underscores the financial strains faced by healthcare institutions and the essential need for reliable power supply.
Efforts to negotiate and find a resolution between UCH and IBEDC are ongoing to restore normal operations and ensure uninterrupted healthcare services.
Oil and Gas Dealers Threaten Withdrawal as 70% of Downstream Businesses Collapse
The downstream oil sector in Nigeria faces a looming crisis as oil and gas dealers, represented by the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), issue a stern warning of potential service withdrawal.
In a recent resolution following their executive committee meeting in Abuja, NOGASA expressed grave concerns over the collapse of approximately 70% of businesses in the industry due to the harsh operating environment.
President of NOGASA, Benneth Korie, highlighted the dire situation, emphasizing the challenges faced by oil marketers in funding operations amidst soaring bank interest rates.
Korie underscored the overwhelming burden faced by operators who are compelled to acquire funds at exorbitant interest rates upwards of 30%, exacerbating financial strain and hindering business viability.
The primary demand voiced by NOGASA is the pegging of the foreign exchange rate at N750/$ to facilitate refinery operations and stimulate the production of refined products domestically.
Failure to address these pressing issues, Korie warned, could result in the withdrawal of services by NOGASA’s over 200 members starting from the next month.
The downstream oil crisis coincides with heightened anticipation for the release of refined petroleum products from the Dangote and Port Harcourt refineries, seen as critical for alleviating supply shortages nationwide.
However, amidst forex crises and inflationary pressures, operators in the oil and gas sector confront mounting economic challenges, necessitating urgent government intervention.
As Nigeria navigates through turbulent economic waters, stakeholders eagerly await decisive action from authorities to salvage the downstream oil sector from imminent collapse and avert potential disruptions in fuel supply chains.
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