Nigeria’s biggest airline, Air Peace, has started a pricing battle on the Lagos-London route.
News About Nigeria gathered that the airline has cut the cost of its economy class ticket to N1.2 million, which is way less than the N3.5 million charged by foreign airlines.
This move challenges British Airways, which used to be the main carrier on this route.
Air Peace is now offering direct flights from Lagos to Gatwick, London, creating direct competition with British Airways.
The airline recently shared its flight schedules for the London service, set to begin on March 30, 2024.
For a return trip, Air Peace is charging N1,200,000 for economy class and N4,000,000 for business class.
This is a significant reduction, especially when compared to the higher prices charged by British Airways and Virgin Atlantic.
Ndukwe Ginika Ogechi, CEO of Geena Travels and Tours Ltd., thinks these fares are good for clients.
She believes that Air Peace’s move will lead to more competition on the route.
John Ojikutu, an industry expert, is hopeful that this competition will help reduce the high prices passengers often pay to foreign airlines.
He calls for support from the government to ensure Air Peace’s success on the London route.
Airfares in Nigeria have gone up a lot in the last two years due to issues with foreign exchange rates.
The Central Bank of Nigeria (CBN) has asked banks to allow the naira’s exchange rate to freely float.
People in the travel industry are excited about Air Peace’s London flights, hoping it will bring more balance and better options for travellers.
They also expect that having a local airline will lead to lower prices and better deals for passengers.
