Arik Air and Aero Contractors Are Losing Over N16M Everyday

Arik Air and Aero Contractors Are Losing Over N16M Everyday

Due to debts being owed by the management of the Osubi Airstrip, also popularly known as Warri Airport, there has been as indefinite closure. This has largely affected two major Nigerian carriers, Arik Air and Aero Contractors.

Their daily loss due to the closure is estimated to be over N16 million.

With an average fare of N30, 000 per passenger and load factor of 74 passengers per flight with Bombardier Q400 Dash 8 aircraft, the airline has come out to say in a report that it loses N2, 220, 000 per flight. Arik also loses a total of N13, 320, 000 daily on three flights to Warri from Lagos and Abuja daily, and three flights daily from Warri to Abuja and Lagos respectively.

As at Tuesday, September 25, 2018, it was gathered that the airlines had lost N379, 960, 000 from September 3, 2018, when the closure was effected.

According to a source, the Osubi strip is not the only one affected. NAMA likewise withdrew its services from other airports and airstrips indebted to it like the airports in Uyo, Akwa Ibom; Bonny-Finima airstrip, Rivers State; Dutse, Jigawa State; Birnin-Kebbi, Kebbi State, Bauchi in Bauchi State and Gombe in Gombe State.

These other airports, however, did not get shut down because they expressly came up with payment plans to salvage the situation.

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