The Minister of Aviation and Aerospace Development, Festus Keyamo, has said the aviation industry has a high mortality rate, which caused the demise of over 100 airlines in the last 40 years.
Keyamo disclosed this during the 10th anniversary of West Africa’s largest airline and Nigerian flag carrier, Air Peace in Lagos on Saturday.
The minister, however, promised that the current administration would end the incessant death of airlines.
He said, “I am excited to be here today for two reasons. First is that Air Peace has survived for 10 years and keeps thriving. If you look at the history of airlines in Nigeria, you will discover that it is difficult for them to survive 10 years and still look healthy. We have a history of great mortality of airlines.
“More than a hundred airlines have gone in the last 40 years and I know you all remember. From Concord to Zenith to Bellview, among others. You will then ask yourself why they die…