Report: Over 50 Airlines in Nigeria Liquidated Since Independence

FEC Approves ₦10bn For Aviation Projects

 

About 50 airlines which operated in Nigeria from the nation’s Independence on October 1, 1960 have been liquidated, findings by the Daily Trust have shown.

It was learnt that while most of the airlines were owned by Nigerians, others were jointly owned with partners from countries in Africa and Europe. Few of the airlines lasted for more than one year in operation.  Some of the airlines brought aircraft but never conveyed passengers before they went under.

Nigerian Airways Limited (NAL), established in 1958, two years before independence, was the mother of all the defunct airlines.  The NAL was liquidated in 2004 by former president Olusegun Obasanjo.

Following the liquidation of the national carrier, many Nigerian airlines were established but did not see the light of the day.
The defunct airlines included Flash Airline; Hold Trade Airline; Gas Air; Jambo Express; Chachangi; IRS Airlines, Savannah

Airline, Albarka Airline; Intercontinental Airline; Air Mid-West; and HAK Air. Others were EAS Airline; Nicon Airways; Virgin Nigeria Airline; Air Nigeria; Falcon Air; Sosoliso Airline; Zenith Airline; Barnas Airline; Space World International Airline; Dasab Airline; Fresh Airline; Trias Airline; Bell-View; Freedom Airline; Okada Air; Concord Airline (owned by the late Chief MKO Abiola); Associated Airline and Air Taraba (serving Taraba, Bornu and Adamawa states).

The list also included United Air Service; Aras Airline Ltd; Nigeria Global; Nigeria Eagle (which commissioned an aircraft but didn’t fly and had to take the aircraft back); Harco Airline; Premier Airline; Al Bashir; Trans-Sahara Airline; ADC; Oriental Airline; Axiom Airline; Forward Air; Flok Air; Das Air and Cargo.

The current situation in the nation’s aviation industry have raised concerns about the strength of the carriers with the Aero Contractors, the oldest airline after Nigeria Airways, suspending its operation.

An industry expert who spoke on the recent development in the industry, said that the possibility of Aero bouncing back and returning to full operations was dim.

At the moment only eight Nigerian airlines were operating, namely, Arik Air; Med-View Airlines; Air Peace; Azman; First Nation and Dana Air, Max Air and Kabo Air.

 

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