Airline profitability is hindered by high operating costs and numerous taxes. The financial burden includes multiple fees and charges imposed on carriers. Allen Onyema, Chairman of Air Peace, notes that borrowing from banks comes with significant interest rates, which have varied over time.
Further information on the aviation industry's challenges is available from the source. Onyema's comments were made at a conference focused on achieving a sustainable aviation industry. He emphasized the need for a balance between government revenue demands and sector growth.
Details about the conference and Onyema's remarks can be found in the original report.
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