More Foreign Airlines Lower Lagos-London Route Fares
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Foreign airlines have drastically reduced airfares on the Lagos-London route since Air Peace launched its own flight. Before Air Peace's entry, passengers from Nigeria paid N3.5 million for economy class and over N7 million for business class. British Airways, Lufthansa, and Virgin Atlantic have all lowered their ticket prices. Air Peace chairman, Allen Onyema, alleges that foreign airlines are conspiring to send Air Peace out of international operations by crashing airfares on the route. Aviation experts attribute the reduction in cost to Air Peace's entrance, the re-opening of lower inventories, and the supply of Jet A1 to Air Peace by Dangote Refinery. The former general secretary of the Aviation Round Table Initiative (ARTI), Capt. John Ojikutu (retd), suggests designating Air Peace as a flag carrier in the absence of a national carrier. The general secretary of ARTI, Olumide Ohunayo, calls for government support to ensure more local airlines can compete on international routes. The former president of ARTI, Dr. Gbenga Olowo, believes Air Peace has the ability to survive the aero politics and price war competition by foreign airlines.

#AirPeace #ForeignAirlines #LagoslondonRoute #Airfares #Competition

https://leadership.ng/more-foreign-airlines-lower-lagos-london-route-fares/