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Poor Liquidity May Threaten Aviation Sector, Analysts Say

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Industry analysts have predicted that the aviation industry may experience bankruptcy among many operators due to lack of operating funds, failure to obtain loans and lacklustre investment opportunities.

The analysts noted that while there could be increase in outbound international travel due to many Nigerians who are escaping to better economic environment (migration), load factor on inbound passenger movement and domestic travel may contract due to poor liquidity of indigenous operating airlines.

The Nigerian Immigration Service (NIS) confirmed that while more Nigerians are leaving the country, according their records, more investors are coming to Nigeria due to Ease of Doing Business policy of the federal government, which facilitated the visa on arrival policy.

THISDAY, January 4, 2019

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