Analysis of Critical Factors Affecting Growth and Expansion of Airline Business in Nigeria: Case Study of Aero Contractors.
CHAPTER ONE
Objective of the study
The objective of the study is to investigate factors affecting growth and expansion of airline business in Nigeria, using aero contractor as a case study. The specific objectives are;
- To ascertain the factors that affect growth Aero contractors
- To ascertain the factors that affect expansion of Aero contractors
- To find out the effect of management on the growth of Aero contractors
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Conceptual framework
Concept of air transportation
Air transportation is one of the most important components of the world’s transportation system. Not only does it provide the major means of long-distance travel in the world, but its economic impacts on global and national economies is substantial In addition, because of the very nature of aviation infrastructure (for example, airports) and the current technology for flight (for example, jet engines that consume fuel and emit air pollutants), air transportation plays an important role in efforts to improve environmental quality and promote sustainable development. The major components of the air transportation system include airports, air traffic control systems, aircraft, and airlines. Changes in each of these components will have important consequences for the future of the aviation industry. For example, significant airside congestion is occurring at some of the world’s largest airports. How can additional capacity be provided in an environment where major infrastructure investment is constrained? Technological advances are preparing for a major shift in air traffic control away from ground-based aircraft guidance to satellite navigation systems that allow aircraft to fly their own routes. One of the major trends in air transportation over the past 80 years has been ever increasing aircraft size and weight. If aircraft continue to get bigger, what will this do to airport capacity and environmental impacts? And finally, in a deregulated market environment, the airline industry is extremely volatile, with market conditions significantly affecting the viability of air service and the profitability of some airlines around the world.
Chapter Three
Research methodology
Research Design
The research design adopted in this research work is the survey research design which involves the usage of self-designed questionnaire in the collection of data. Under the survey research design, primary data of this study will be collected from staff of Aero contractor, Lagos state in order to determine factors affecting growth and expansion of airline business in Nigeria. The design was chosen because it enables the researcher to collect data without manipulation of any variables of interest in the study. The design also provides opportunity for equal chance of participation in the study for respondents.
Population of Study
The population of study is the census of all items or a subject that possess the characteristics or that have the knowledge of the phenomenon that is being studied (Asiaka, 1991). It also means the aggregate people from which the sample is to be drawn.
Population is sometimes referred to as the universe. The population of this research study will be Seventy-five (75) selected staff of Aero contractor in Lagos state
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND DISCUSSION
This chapter is about the analysis and presentation of data collected from the field through questionnaire. The analysis of the data with particular question immediately followed by the presentation of findings.
As mentioned in chapter three, 63 questionnaires were administered and 50 were retrieved and necessary analysis was carried out on them and presented as follows:
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was to ascertain analysis of critical factors affecting growth and expansion of airline business in Nigeria. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of factors affecting growth and expansion of airline business in Nigeria.
Summary
This study was on analysis of critical factors affecting growth and expansion of airline business in Nigeria. A case study of aero contractor in Lagos state. Three objectives were raised which included: To ascertain the factors that affect growth Aero contractor, to ascertain the factors that affect expansion of Aero contractor and to find out the effect of management on the growth of Aero contractor. The total population for the study is 75 selected staffs of aero contractors in Lagos state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Conclusion
The present performance of Nigeria’s aviation industry is marginal considering myriad of challenges facing it. Apart from poor safety and security measures, inadequate funding and resources, lack of aviation experts and skills, high operation costs, high airport taxes and fees, the weak connectivity and restrictions on transit visas and facilities add to the menu of impediments affecting Nigeria’s aviation industry. However, addressing these challenges could significantly unlock the industry’s potential for future growth. These challenges require governments to enhance regulation of aerospace management, consumer protection and safety of airlines. With these in place, there are a lots of opportunities and future prospects for the Nigeria aviation industry.
Recommendation
There should be the presence of a coherent transport policy for the country. Such policy should be well pursued to ensure co-ordination and rationality in the transport sector. The Federal Government Draft National transport Policy drafted in August, 2010 should be implemented to ensure the overall development of the transport sector for the benefit of the people and the economy.
The Federal Government should ensure that air transportation is well managed in order to achieve results and develop the sector to international standards. Good management should ensure that there is adherence to business principles and sustainable development of the aviation industry Government should continue to invest in the development of infrastructure at the airports by overhauling and expanding the facilities used at the nation’s airports. Maintenance culture should be imbibed to sustain the facilities provided.
The Government should improve the security situation at the airports. Security experts should be employed to overhaul extensively the airport security system. NCAA should comply with international Aviation safety standards. Government should show commitment by expediting action on the repairs at airport when they are closed down for repairs so that they re- open on time. All airlines operating in the country should adhere strictly to safety standards by emphasizing inspection and maintenance of aircraft. The use of meteorological reports will also assist in ensuring safety.
References
- Armoo C.N. (2015) “Challenges & Prospects for the Aviation Industry in Africa: The Case of Ghana” – See more at: http://thebftonline.com/features/opinions/16164/
- Pam D.R. (2013) “Nigeria’s lethargic aviation industry: challenges & potentials”. Excerpts of an interview with Leadership magazine in 2013.
- Phillips Consulting (2015) ‘The 2015 Domestic Aviation Industry Customer Satisfaction Survey Report’, September, 2015.
- Agbo, A. (2008)-Back with a But, Cover Story TELL, Nigeria’s independent weekly Vol. 1 January, 2008.
- Akpoghomeh, O.S (1999)-“The Development of Air Transportation in Nigeria”, JournalofTransportGeography Volume 7, Issue 2, June http://www.sciencedirect.com/science?-ob
- Filani, M.O (1983) –Air Transportation in Oguntoyinbo, J.S., Areola, O.O., Filani M., eds A Geography of Nigerian Development. Second edition, Heinemann Education (Nigeria)
- Filani, M.O and Ikporukpo, C.O. (2000)-Transport Co-ordination in Nigeria: Trend and Issues, in: The Nigerian Geographical Journal. New Series Volumes 3&4.
- Ileoje, N.P. (2003)-A New Geography of Nigeria Fifth edition Ikeja, Lagos:Longman Nigeria Plc.
- Joslin, C. (2006)-Transport and Transportation in Nigeria. http://www.uni.edu/gai/Nigeria/lessons
- Mukhtar, A.B. (2008)-Nigeria: Saudi Airlines, Eight others to Airlift Pilgrims. Daily Trust Abuja, 5th September, http://allafrica.com/com/stories/20080905
- National Bureau of Statistics (2005)-The Nigerian Statistical Facts sheet on Economic and Social Development. NBS Abuja, June 2005. Nigerian Television Authority (2007)-Sky bound: An NTA Programme on Air Transportation in Nigeria Sunday November, 4th 4:00- 4:30pm.
- Nnodim,O.(2010)-Nigerias Aviation Industry Records Growth in Passenger Figures http;//24.net/csp/ems/sites
- Nwokoro,M.(2007)-President Obasanjos Purposeful Development in the Aviation Sector AirTransportUpdate Volume 2,No.3 Monthly Journal of Federal Ministry of Transport Abuja May,2007
- Olalerin,E.A.(2009)-MMIAs Optimism on Traffic Growth,Expansion Aviation AndAlliedBusinessUpdateNigerias Journal of Aviation Development September- October.2009
- Nwaogbe, O. R., Wokili, H., Omoke, V., & Asiegbu, B. (2013). An analysis of the impact of air transport sector to economic development in Nigeria. IOSR Journal of Business and Management (IOSR-JBM). Volume 14, Issue 5 (Nov. – Dec. 2013), PP 41-48.
- Nwokoro, M. (2007). President Obasanjo’s purposeful development in the aviation sector. Air Transport Update, Monthly Journal of Federal Ministry of Transport Abuja.
