British Airways marks 80 years in Nigeria
Flag carrier and largest airline in the United Kingdom on fleet size, British Airways, is commemorating 80 years of doing business in Nigeria. Despite the recent crisis in Nigeria's aviation industry and economic recession.
Tue, 20 Sep 2016 08:26:17 GMT
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AI Generated Summary
- Commitment to customer loyalty and gratitude for sustaining business over 80 years
- Optimism about the potential for growth and stability in Nigeria's aviation sector
- Progress made in repatriating funds and the willingness to expand investment in response to market demand
British Airways, the flag carrier and largest airline in the United Kingdom, is celebrating 80 years of operations in Nigeria. Despite the recent challenges faced by Nigeria's aviation industry and economic downturn, the airline remains optimistic about its future in the Nigerian market. Kola Olayinka, the Country Manager for West Africa at British Airways, shared insights on the airline's journey and prospects in Nigeria during a recent interview on CNBC Africa.
Reflecting on the airline's longstanding presence in Nigeria, Olayinka expressed gratitude towards loyal customers who have continued to support British Airways through the years. He emphasized the importance of customer loyalty in sustaining business operations and underscored the airline's commitment to serving the Nigerian market well into the future.
With Nigeria's burgeoning population and economy, Olayinka highlighted the potential for growth in the aviation sector. While acknowledging the current challenges faced by the industry, he expressed optimism about the prospects for stability and growth in the near future. Olayinka pointed to signs of improving economic conditions and expressed confidence in Nigeria's resilience, stating that tough times do not last, but tough people do.
Addressing the issue of repatriation of funds, a significant challenge affecting many businesses operating in Nigeria, Olayinka noted that progress had been made in releasing previously stuck funds. He credited government intervention and financial measures for facilitating the gradual movement of funds, providing a sense of relief for businesses like British Airways. Olayinka stressed the importance of continuing efforts to stabilize the economy and create a conducive environment for business operations.
Looking ahead, Olayinka discussed the potential for increased investment and commitment to the Nigerian market. While regulatory factors and market conditions influence the frequency of flights, he expressed readiness to expand operations in response to growing demand. Olayinka highlighted the competitive nature of the market but affirmed British Airways' willingness to seize opportunities for growth and expansion.
In conclusion, British Airways' 80-year milestone in Nigeria signifies a journey marked by resilience, optimism, and commitment to serving the Nigerian market. Despite challenges, the airline remains steadfast in its dedication to providing quality service and fostering growth in the aviation sector. With a positive outlook for the future, British Airways looks towards continued success in Nigeria's dynamic business landscape.