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Nairaland Forum / Nairaland / General / Politics / Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous (27887 Views)
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Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by PassingShot(m): 3:31pm On Jul 22, 2018 |
Arondizuogu:Take time to educate yourself. That 5 planes will be acquired at start up doesn't mean more planes won't be acquired as time passes by. I won't explain every detail about a project that is already in the public realm for you. 3 Likes |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by PassingShot(m): 3:32pm On Jul 22, 2018 |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by AZeD1(m): 3:33pm On Jul 22, 2018 |
Phagyrhe:Ethopian Airways is fully government owned. |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by BigIyanga: 3:34pm On Jul 22, 2018 |
9jaArea:StFU. $150-$300m is not a specific amount. Natuonal Airline is not an attractive investment opportunity for investors. Per unit cost of Boeing 747-8 passenger plane is about $400m. So their projected $300m is a drop into an ocean. Now, Naija has no track record of aviation success/hub/delivery. Richard Branson tried and failed. This has no postive impact on economy of Nigeria since othet airlines are providing that market demand 2 Likes |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by APL33: 3:35pm On Jul 22, 2018 |
AZeD1: Yes. It's a "look at an opportunity" situation. Nigeria start the process. Nd then investors see a need to pour their money. 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by AZeD1(m): 3:36pm On Jul 22, 2018 |
APL33: What opportunity? 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Nobody: 3:37pm On Jul 22, 2018 |
PassingShot: Dude they said they are targeting 84 destinations at start up abi? With 5 planes? Small Boeing according to you oooooo? I replied with what you said. 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Okonsyourguy(m): 3:37pm On Jul 22, 2018 |
Thank you for clearing the air on this matter. Some Nigerians have decided to jettison common sense in a lame attempt to discredit the Buhari administration. It is well with Nigeria. Buhari has been doing a decent job in the past few months (elections campaigns or not), he should get plaudits when he and his team do something right PassingShot: 1 Like 1 Share |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Diso60090(m): 3:40pm On Jul 22, 2018 |
Mumu county |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Iziquiel(m): 3:42pm On Jul 22, 2018 |
hungryboy:Go eat hungry boy. 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by PassingShot(m): 3:43pm On Jul 22, 2018 |
Arondizuogu:80 destinations in total at peak when 50 planes are acquired in the fleet. Read it up and get educated. 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Nobody: 3:43pm On Jul 22, 2018 |
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Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Nobody: 3:47pm On Jul 22, 2018 |
PassingShot: Looks like they keep spinning different stories everytime. Last I read, they said they were targeting 84 destinations at start up, mostly international..... I'm commenting from what I read!! |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by new2012: 3:47pm On Jul 22, 2018 |
With a complicated project plan, dead airports, messed up custom officers, I think the Airline just died. An average lifespan for airlines in Nigeria is 10years, this one need grace to do 5! A project plan that requires beer parlour explanations by party asslickers and sycophants.. How can you have 5% stake and control the business? Negotiate for airplanes and set up? OK, what do I know? 2 Likes |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Nobody: 3:48pm On Jul 22, 2018 |
AZeD1: Ethiopian Airways is the most profit making African airline. https://www.google.com.ng/amp/s/www.thisdaylive.com/index.php/2017/08/18/ethiopian-airlines-targets-10bn-revenue-146-destinations-by-2025/amp/ Kenya Airways https://www.reuters.com/article/kenya-airways-results/kenya-airways-posts-8-88-mln-operating-profit-for-apr-sept-idUSL9N1BX00M https://www.kenyans.co.ke/news/28012-kenya-airways-2017-financial-report-records-ksh13-billion-operational-profit Although Air Namibia and RwandAir are recording loses, other are doing great jobs and that should be a sort of motivation that we can set up a great airline too. 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Nobody: 3:49pm On Jul 22, 2018 |
AZeD1: Ethiopian Airways is the most profit making African airline. https://www.google.com.ng/amp/s/www.thisdaylive.com/index.php/2017/08/18/ethiopian-airlines-targets-10bn-revenue-146-destinations-by-2025/amp/ Kenya Airways https://www.reuters.com/article/kenya-airways-results/kenya-airways-posts-8-88-mln-operating-profit-for-apr-sept-idUSL9N1BX00M https://www.kenyans.co.ke/news/28012-kenya-airways-2017-financial-report-records-ksh13-billion-operational-profit Although Air Namibia and RwandAir are recording loses, other are doing great jobs and that should be a sort of motivation that we can set up a great airline too. 2 Likes |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by obailala(m): 3:54pm On Jul 22, 2018 |
hungryboy:The people who can afford it would afford it, and it would help grow the economy of the country, which in turn would positively affect the lives of everyone including the poor. Not every venture must be aimed directly at the poor poor and poor before we accept it is good. Nigeria also has a large middle and upper class who need to be catered for. 1 Like 1 Share |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by PassingShot(m): 3:55pm On Jul 22, 2018 |
Arondizuogu:Read it again please. 5 planes can't cover Africa region let alone other international routes. |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by PassingShot(m): 4:03pm On Jul 22, 2018 |
Alphagan:It's only hate that would make someone of her calibre and status spew that rubbish. She could have disagreed without saying "it shall fail. It must fail". That tweet only exposed her deep-sitted hatred for the president who's daring to succeed where her belived OBJ failed. 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Nnamdiojukwu: 4:03pm On Jul 22, 2018 |
hungryboy:You sound like poverty has a headquarters in your yard. |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by AZeD1(m): 4:03pm On Jul 22, 2018 |
Phagyrhe: That was 6 months profit not for the year. Only Ethiopian Airways makes a profit in Africat. Nigeria doesn't need an airline, There's Arik and Aero which are actually owned by the government right now. Nobody has provided a business case for Air Nigeria, not even the minister of aviation. What will Nigeria Air provide that Peace, Arik and Aero cannot provide giving the right business environment(which the government should actually be providing?). A recent article about Kenya Airways. https://www.reuters.com/article/us-kenya-airways/kenya-airways-looks-upmarket-for-financial-salvation-idUSKCN1GI245 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by mbhs139(m): 4:23pm On Jul 22, 2018 |
deomelo: That isn't his problem really. His problem, as a matter of fact, is hatred…hatred for a person, the president; and hatred for a people, the northerners. He's therefore so blind to read facts. What a shame. |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Lush100(m): 4:27pm On Jul 22, 2018 |
Firefire: good questions sir, you will now see abracadabra answers to these question. whose model are we following. why will 5% holder be providing funds when 95% is not. how can we know owner of 5% of this entity and we don't know the remaining 95%. 5% is the one talking &calling the shot while 95% is quiet. and we say this is a proper business arrangement? and we say it's not destined to fail.? OK oh. let us continue to look. I'm even surprised the fleet are not on ground, company is not on ground and we say this is a proper business and we are unveiling. pls has anyone seen products of even a company being uvelied without the product on stands. but lemme be "patriotic" continue the investment. 7years from now, I just hope it will not be helpNigeria 2 Likes |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Iamgrey5(m): 4:38pm On Jul 22, 2018 |
AZeD1:First of all, Nigeria has more air travelers than Kenya or Ethiopia. Yet, both of these countries have successful carriers, and frankly most of their carriers rely a lot on the customers they get from Nigeria Secondly, if you have looked up air travel options on any booking agency of recent, particularly to African and middle eastern destinations, you will realize that majority of the flights leaving Nigeria are dominated by African carriers that also employ nearly 90% of the workforce from their own home countries. Thus, a national air carrier should create a lot of employment opportunities for Nigerians. Thirdly, it will generate a lot of revenue for the government on the long run, directly (as share holders) or indirectly (through taxes) 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by deomelo: 4:39pm On Jul 22, 2018 |
tiwiex: When you have serious economic issues, you drum up investments to create jobs, expand revenue base and so on, but according to people like you, it's the other ignorant and backward way around. Major investments like what we are talking about in this thread create jobs for many Nigerians and the same jobs will make it possible for the same Nigerians you think you are fighting for to afford food, a roof over their heads, school fees and even money to buy plane tickets if possible. Or you think the airline will fly without Nigerian pilots, without Nigerian ticketing agents, without Nigerian vendors, without Nigerian accountants, without Nigerian lawyers, without Nigerian printers and sign writers, without Nigerian stationary vendors, without Nigerian car dealerships, without Nigerian jet fuel and oil companies and on? Such businesses and investments grow the government's taxes/IGR, the same IGR is what your government build schools, hospitals, roads, bridges and fund government program and services. You people are just too shortsighted and misguided because[code][/code] you in one breath act as if you really care about the poor man while in another breath you are against jobs, food and rent and everything that helps the same poor man you are faking support for. You people care less about the poor man, you are just against Nigeria, against the Nigerian government and anything Nigerian. 2 Likes |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by deomelo: 4:43pm On Jul 22, 2018 |
obailala: Well said. In fact, the poor benefits directly and indirectly from such investments via jobs and infrastructures the generated IGR from such investments creates. |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Nobody: 4:45pm On Jul 22, 2018 |
AZeD1: I totally understand your point bro, however, let's not forget that private airlines flourish even in countries where there is a national carrier too. Thankfully, you admit that Ethiopian Airways is the only government owned airline making profit in Africa, and not just some profit, huge profits. And the fact that Kenya Airways made six months profit says it all. The fact that Ethiopian Airline can do it should also motivate and drive us towards having a successful national carrier too. |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by RexTramadol1: 4:46pm On Jul 22, 2018 |
Nonsense..... It's an avenue to siphon funds 300million that is not in the budget.....is it gon be outsourced? Dubious people. 1 Like |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Ndolarr: 4:47pm On Jul 22, 2018 |
PassingShot:Whose decision is it to purchase 5 aircraft? What if the expected investors in the carrier have different opinions? Where is the $300 million plus operational expenses coming from? My friend, this national carrier stuff appears hasty. Why not use few aircraft from Presidential Fleet as start up? Many Nigerians are not sold on this national carrier stuff, especially as information is sketchy on source of the $300 million to buy 5 aircraft and initial operational expenses! More info is required pls. 2 Likes |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by LaudableXX: 4:47pm On Jul 22, 2018 |
PassingShot:Just 5 units would be bought? Are you sure? ![]() ![]() |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by Iamgrey5(m): 4:52pm On Jul 22, 2018 |
new2012:at emboldened Yet majority of carriers in Africa continue to troop into the Nigerian market everyday e.g. Namibia airways of recent just entered the Nigerian market. 5% stake doesn't mean they shouldn't initiate the project, it simply means they eventually hope to sell majority sake to investors or own less than 5% of shares on a long run. In addition, if you read through your own submissions on the topic, you will realize that maintaining a low percent in the venture will be the best option to take because of low maintenance culture of the Nigerian government as you have rightly pointed out in the 10years life span of most national air carriers. So how is their business sense wacky? |
Re: Former AMCON CEO's Tweet About $300m Nigeria Air Is Misleading And Mischievous by kmariko: 4:55pm On Jul 22, 2018 |
PassingShot: Here's the complete quote from the Africanews link the op presented " initial capital is likely to be in the range of $US 150 to 300 million, invested in tranches over time from start up through the first years of operation,” a government document stated. It said the government will provide initial capital but did not state the sum or give further details. The government will “facilitate the process for opening up the capital of the airline to private sector financial investors”, the document stated. No where was it stated that the 5% was for the initial start up cost. Secondly, it clearly stated that the government will provide the initial capital. Third, the estimation left rooms for cost over runs as there was no clear time frame when the government will stop the funding.. Fact remains that the proposal is still murky and lacks transparency. Chile obi might be right in his initial assessment until the government proves otherwise. 3 Likes |
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