Well I will prefer having a stand alone account for the industry, so airlines and other service providers can directly tap into it without competition from other sectors.
In my view, it is just the first critical step which principally is directed at saving the Nigerian banks being owed by the carriers, considering the CBN is putting emphasis on refinancing of loans. We must compliment the bailout by ensuring domestic airlines that will benefit, pass the re-certification process of NCAA, prepare to accept a regulated consolidation regime, which naturally expand ownership and a necessary stimulus for coveting the juicy public expenditure travel that are naturally reserved for national carriers or flag carriers with national ownership in outlook.
The Russian, Chinese, Indonesian and Indian government have done it in the recent pass for their local carriers why are we different. Ironically, the private operators who objected to the bailing out of Nigeria Airways with empty boast of providing better service have all gone bust, while those still operating are limping critically to this fund for lifeline.
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