Aviation industry on the verge of collapse, experts warn

…urge long term equity, convertible debt issues as solutions The nation’s aviation industry is on the verge of collapse, and like a time bomb, time is ticking away, experts and analysts have warned. Operators in the sector, according to experts, besides owing banks, service providers and aviation agencies over N500 billion are gradually losing the fleets and operating licences. Changchangi Airlines, one of the industry leaders, had its operating licence revoked last week by the sector regulator ...
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Added July 13, 2010
from Businessday Nigeria