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flag Nigerian airlines face collapse as new taxes and fees threaten to raise fares to ₦1.7 million, airline chief warns.

flag Air Peace Chairman Allen Onyema warns new Nigerian tax laws could raise domestic airfares to ₦1.7 million and force airlines out of business within months, citing excessive fees, levies, and 35% interest on aircraft financing. flag He says airlines keep only about ₦81,000 of a ₦350,000 ticket, with most revenue going to taxes and charges. flag Onyema denies price-fixing, attributing fare variations to demand and high operating costs, including $6,000/hour wet-lease fees. flag The NCAA disputes claims of 18 taxes, blaming fare hikes on supply and demand, not taxes, and says no evidence supports recent tax or fuel price increases.

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