Skift Take
Nigeria's oil industry and growth have produced very wealthy individuals who have decided to run airlines for fun rather than profile, and there are few signs that they will survive.
Industry experts have said that existing Nigerian airlines would eventually be killed by bankruptcy, unless there are mergers and acquisition by the remaining airlines that are currently operating.
M & A will increase their fleet capacity, streamline the workforce and boost operating cash.
Seasoned aviation lawyer, Fubara Anga, told THISDAY that with M & A, there would be only one or two airlines in the country with high possibility of long term existence, long term projections and planning.
The airlines would then be able to attract credit facility from international financiers, they would be able to acquire new aircraft directly from manufacturers and also have enough liquidity to train and even
