Aviation Requires Strong Investor Confidence To Thrive, Says Kuku

The Managing Director and Chief Executive of Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku says “aviation is capital intensive and requires strong investor confidence to thrive.”

Speaking at the Quarter3 Business Breakfast Meeting of Aviation Safety Round Table Initiative (ASRTI) held at Golfview Hotel, Ikeja, Lagos under the theme, “Cape Town Convention: The Implications Of The Cape Town Practice Directions On The Fortunes Of Nigerian Airlines And The Economy,” Kuku said it is important to be mindful of information that is projected about Nigeria’s aviation industry because it affects how the outside world perceives the country and influences investor confidence.

“The investors outside are watching,” she said.

Kuku noted that the Cape Town Convention Practice Directions presents opportunities for both airlines and the industry at large, and that expectedly, more aircraft could be brought into the country to close gaps.

She stated that efforts were being made to improve airfield lighting, especially for night operations and return most airports in the country to CAT 11 airports, noting that “we have left the decay in the industry for too long and it is time for a quick turn around.”

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