Med-View Airline Plc said it spent about N22 billion to procure aviation fuel in the last five years.
The airline’s chief executive officer, Alhaji Muneer Bankole, who made this known to newsmen in Lagos expressed concern over the high cost of aviation fuel.
According to him, the scarcity and high cost of aviation fuel remains a big challenge to Nigerian airlines.
For instance, Bankole explained that aviation fuel is presently being sold by marketers at N220 per litre in Lagos and N270 per litre in places like Maiduguri because some marketers are keeping away from the axis due to security issues.
Bankole said that in spite of the high cost of aviation fuel, the airline had not increased the cost of tickets on its domestic, regional and international routes.
He said the airline will resume operations on both routes when three of its aircraft return by the end of May.
The Med-View airline chief also said that the airline had recently carried out a rationalisation exercise which led to the sacking of not less than 52 workers cutting across pilots, cabin crew members and administrative staff.