The Managing Director, Aero Contractors, Ado Sanusi, has disclosed that a one-way ticket should sell for over N130,000 due to the current rate of exchange.
Sanusi, who disclosed this on Thursday while speaking with journalists, cited that as the naira keeps falling, there’s nothing the operators in the aviation industry could do since everything is dollarised.
“As the dollar is rising, you can quote me on this, when the dollar was N460, we were selling a Lagos-Abuja ticket at N65,000.
“The dollar now is twice and there’s nothing we do in aviation that is not dollarised. You can imagine. So, we should be selling the ticket at N130,000.
“It’s in the interest of even the regulator to see whether tickets are sold comparatively to what the dollar is. A one-hour flight should sell for between $150 to $200.
“We don’t manufacture the aircraft; we don’t even refine the oil. So what else do you do? Even the wheel on an aircraft, we don’t do it. The only thing we can control is manpower.
“The moment the dollar is rising, even the bolts on the aircraft, we have to buy from outside the country.
“The fuel we’re going to buy is imported, the parts we’re going to buy are imported.”
