Tuesday, May 17, 2022

Aviation fuel price hike: Ibom Air declines withdrawal of flight services

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Ibom Air says it is not taking part in the withdrawal of flight services issued by Airline Operators of Nigeria, AON, over the increase in the price of aviation fuel.

The airline’s Chief Executive Officer, Mfon Udom, made this known in a statement on Saturday in Lagos.

The statement explained that the clarification was necessary, following the public statement issued by the executives of AON on its plan to down tools on Monday, May 9, owing to high cost of aviation fuel which was increased from N160 to N900 per litre.

According to the statement, the carrier attributed the reasons not to shut down  services to its financial obligations to suppliers, financiers, and workers who depend on an uninterrupted flow of revenue to service.

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The statement said more importantly, having been paid by customers in advance for flight bookings it was bound by contract to deliver the services already paid for, to avoid exposing it to the risk of avoidable litigation.

It said: “We acknowledges the existential threat that these runaway fuel price increases pose for the air transport industry in Nigeria. We agree that this out-of-control situation is simply unsustainable.

“However, every airline has its unique business model and pressures. We believe that in spite of the escalating fuel prices, airlines volunteering to stop operations would rather exacerbate an already bad situation.

“Ibom Air has financial obligations to suppliers, financiers, and staff, which depend on an uninterrupted flow of revenue to service.

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“More importantly is the fact that having been paid by customers in advance for flight bookings we are bound by contract to deliver the services already paid for, to avoid exposing the airline to the risk of avoidable litigation.”

The statement noted that apart from the above factors, the airline was currently the only airline serving Akwa Ibom State directly and as such, any voluntary stoppage of operations would completely cut off access by air into and out of the state.

It assured that the airline would continue normal operations on Monday and beyond, adding that the Ibom Air’s inclusion as “signatory” to the statement released by AON must have derived from its active and committed member of the association.

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The statement said notwithstanding, the airline identified strongly with its AON colleagues and would participate in every effort to resolve the frightening situation in the interest of their business, customers, stakeholders, and the country.

NAN

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