Ibom Air, one of Nigeria’s carriers has pulled out of plans by most airlines in Nigeria to shut down flight operations from Monday.
This decision is coming barely 24 hours after the Airline operators of Nigeria, (AON) disclosed plans to shut down operations following the continuous increase in Aviation fuel.
In a statement by the airline, Ibom Air stated that it acknowledges the existential threat that these runaway fuel price increases pose for the air transport industry in Nigeria and agree that this out-of-control situation is simply unsustainable.
It however noted that every airline has its unique business model and pressures, adding that it believes 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 uninterrupted flow of revenue to service. 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.
“Apart from the above factors, Ibom Air is 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. Such action would be directly in conflict with and detrimental to the interest of our shareholder,” the airline explained.
The airline added that in view of the foregoing facts, Ibom Air has respectfully disagreed with the decision of AON to suspend flight operations on Monday 09 May 2022 and cannot in the circumstance volunteer to stop operating and will continue normal operations on Monday 09 May 2022 and beyond.
The airline however hinted that it’s inclusion as “signatory” to the statement released by AON must have derived from its active and committed membership of the AON.
“The above notwithstanding, we identify very strongly with our AON colleagues and will participate in every effort to resolve this frightening situation as soon as possible in the interest of our business, our customers, our stakeholders and our country,” the airline added.