Business Nigeria's Aviation Industry Records Boom; Carriers Slash Flight Fares

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Nigeria's aviation industry is witnessing a boom, as more airlines have join the sector, bringing down fares with increased seat capacity, BusinessDay reports.

New entrants such as Azman Air, Discovery Air and Air Peace, have crashed the fares to as low as N9,000 (one way) on the popular routes from Lagos to Abuja, Kano, Portharcourt, Enugu, Calabar among others, as travellers throng their counters.

Already, with the coming of Air Peace with seven (Boeing) B-737 aircraft, Azman Air with three B-737; Discovery Air with three B-737 and FirstNation also with three B-737 , capacity in the domestic scene has increased, as travellers also have more choice among ten airlines, as against the previous four as at three months ago.

Formerly, the sector could only boast of about 45 aircraft with Arik having 26, Medview five, Dana four and Aero ten. However, with the addition of 16 aircraft, analysts say the sector is looking up, with more competitive fares.

Also, across –the-counter fares which previously stood at between N25,000 and N35,000 at the domestic airport in Lagos now go for between N20,000 and N30,000 with established airlines depending on the destination and time of travel, while the relatively new ones are wooing passengers with price slashes.

Dana Air has a bold banner on the top of the wall of the domestic Terminal-2, popularly known as MMA2 asking passengers to take its flights for as low as N10,000 when they book online.

Discovery Air says ‘Everywhere in Nigeria from N8,000’.

Meanwhile travellers are basking in the fare slash, saying it is already breaking what they think would be a monopoly, especially during the Yuletide season.

“This is good for the sector, we can now come to the airport and select from the airlines, whether online or across the counter, at least there are choices for Nigerians”, Tunde Adewale, a passenger, observed.

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