Competition has commenced on Lagos-London route as Nigeria’s largest carrier, Air Peace pegs it’s economy class ticket at N1.2million, thereby slashing fares by 66 percent on the route.
Checks show that foreign airlines charge an average of N3.5 million for economy class tickets from Lagos to London. This indicates that with Air Peace’s 1.2 million economy class ticket, the airline has slashed ticket price by about 66 percent.
British Airways which had an exclusive advantage of operating direct flight from Lagos to London now has Air Peace to contend with as Air Peace also has the same advantage as Air Peace would operate flight from Lagos to Gatwick London.
Air Peace went live on Wednesday with its flight schedules for its London service billed to commence on March 30, 2024.
According to the airline, a return economy class ticket goes for 1,200,000 naira while a Return Business Class Ticket sells for 4,000,000 naira, adding that Nigerians studying in the UK can now access their special 15 percent rebate on the already reduced economy fares.
It can be recalled that the airline had announced a special fare for Nigerian students in the UK when it hosted travel agents in Lagos last week preparatory to the launch of the London route.
British Airways Economy class return ticket from Lagos to London cost $2,698 which amounts to about N4.7 million, using the N1778 to a dollar International Air Transport Association (IATA) rate on the airline ticketing platform. British Airways Business class cost $8,598 which amounts to about N15.2million.
For Virgin Atlantic, Economy classic cost $1,745 which amounts to N3.1million, Economy delight cost $1,797 which amounts to almost N3.2million, Economy Premium cost $3,442 which amounts to N6.1 million.
Business class on Virgin Atlantic cost $7578, which amounts to about N13.5million.
Return tickets on Qatar Airways for
Economy Class tickets costs between ( $973 to $2,095 which amounts to between N1.7m and N3.2m depending on the ticket class.
Business class ticket on Qatar Airways cost between $3,826, and $4,757, which amounts to between N6.8m and N8.4million.
Ndukwe Ginika Ogechi, CEO Geena Travels And Tours Ltd told BusinessDay that Air Peace’s fares are good compared to other airlines, adding that she envisages intense competition on the route soon.
