The development comes shortly after the Central Bank released $265 million to foreign airlines amid threats by the international carries stop operations in Nigeria.
The pilot and co-pilot had a dispute shortly after takeoff and grabbed each other by their collars after one of them threw a punch.
Nigerian airlines recently warned about major disruptions of flights due to scarcity of aviation fuel.
The commercial aviation firms said the decision was taken to allow federal authorities enough time to address raging operational issues in the industry.
“As patriotic Nigerians and investors, we will continue to engage the government and its agencies on the way out of this problem.”
“We have only three more days, all airlines in Nigeria will shut down,” the Air Peace CEO said. “We are not threatening this country, it is a fact.”
The increase comes amidst rising inflation in the country and widely bemoaned economic hardship.
Mr Sirika urged passengers to start demanding their rights whenever they are being trampled upon by airlines and not to be unruly at airports.