The Chief Executive Officer of Air Peace, Allen Onyema, has disclosed that the Nigerian airlines risk going under in the next three days if the price of aviation fuel, also known as Jet A1 is not controlled.
Mr. Onyema, while appearing before the House of Representatives Committee investigating the increase in price of the fuel, said the operators now buy the fuel for N670 per litre from the N190 per litre they used to buy.
He noted that despite the increment in air tickets by the airlines, they are still running at huge losses and owing debt.
Onyema said the NNPC limited should be asked to bring down the price of the fuel to N200 per litre so that the operators can continue to operate.
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