FG orders airline operators to suspend airfare hike
Written by on March 3, 2022
The Federal Competition and Consumer Protection Commission has ordered airline operators to immediately discontinue the current implementation of airfare increase pending the outcome of its investigation.
The Executive Vice Chairman of the Federal Government’s agency, Mr Babatunde Irukera, said this in a statement on Wednesday in Abuja.
Irukera said the interim order was in line with Sections 17(a),(e),(l),(s),18(3)(a), 157 and 158 of the FCCPAct.
He said that credible information revealed that while attendees at the meeting did not arrive at a consensus, the meeting ended in a resolution that encouraged or consented to the coordinated conduct.
Domestic airline operators resolved to increase airfares by 100 per cent with effect from March 1.
The resolution adopted by all the domestic operators will peg the least economy ticket at N50,000.
Irukera enjoined scheduled domestic airline operators to ensure strict and prompt compliance with the interim order pending the outcome of the commission’s investigation.