African Airlines Association (AFRAA), has initiated measures to tackle the high cost of Aviation Fuel(Jet A1),which is a major operational cost item in the industry.
The association's secretariat has therefore undertaken to assist airlines to meet with fuel marketers to reduce fuel costs in conformity with stipulations in the AFRAA 2011 – 2013 Business Plan.
In this regard, a meeting of the AFRAA Joint Fuel Committee was held fortnight ago at AFRAA Headquarters.
According to AFRAA, Fuel costs constitute on average 30% of operational costs worldwide.
The participants all agreed to re-double efforts to ensure success of the project to avoid having more airlines going under as a result of escalating costs.
AFRAA member airlines are urged to participate in this laudable project which in the long run will ensure that they remain viable and competitive considering the numerous challenges confronting the industry.
The association's secretariat has therefore undertaken to assist airlines to meet with fuel marketers to reduce fuel costs in conformity with stipulations in the AFRAA 2011 – 2013 Business Plan.
In this regard, a meeting of the AFRAA Joint Fuel Committee was held fortnight ago at AFRAA Headquarters.
According to AFRAA, Fuel costs constitute on average 30% of operational costs worldwide.
In Africa, the cost is up to 40% for some airlines.
The meeting discussed the importance and modalities for a functional Joint Fuel Project which should be operational by 01 January 2012.The participants all agreed to re-double efforts to ensure success of the project to avoid having more airlines going under as a result of escalating costs.
AFRAA member airlines are urged to participate in this laudable project which in the long run will ensure that they remain viable and competitive considering the numerous challenges confronting the industry.
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