Nigeria: Ibom Air - Another Feather to a Gov Udom Emmanuel's Investment Cap

23 May 2019

Many, among them corporate bodies and economic state actors, do not consider investing in aviation business an option. The reason for this is not far-fetched. That line of investment is not only hugely volatile, but also capital intensive. But it is an area of business that rakes in mega-bucks to those who creatively invest in it. For instance in 2017, the global airline industry was projected to have great promise to deliver a net profit of USD 38.4 billion in 2018 alone. The International Airport Transport Association (IATA), while offering that prediction, had remarked that the 2018 projected revenue in the industry would be higher than what the industry witnessed in 2017, which was USD 34.5bn.

In spite of rising operating costs, IATA, being the operators of the business, had high hopes because they saw, "strong demand, efficiency and reduced interest payments" on credits drawn by airline owners and operators to run airline business.

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