There is likely not going to be a national carrier operating scheduled domestic service by May 2023, even when the paperwork for a new government-backed airline may have been concluded. Optimists in the aviation industry who are nostalgic about a new national carrier would say that nine months is enough to midwife a national carrier, […]
The Central Bank of Nigeria (CBN) yesterday released $265 million to foreign airlines operating in the country for the remittance of a part of their revenues trapped in the country. A number of foreign airlines had raised the alarm over their inability to remit their revenues in Nigeria said to be around $450 million. Last […]
The Minister of Information and Culture, Lai Mohammed said relevant authorities are addressing the issues concerning revenue of foreign airlines that have been trapped in Nigeria, put at over $600 million. Speaking during a facility tour at the new international terminal of the Murtala Muhammed Airport, Lagos yesterday, the Minister said, “On the trapped funds, […]
Asset Management Corporation of Nigeria (AMCON) took over Nigeria’s foremost carrier, Aero Contractors and a promising airline, Arik Air, after taking over Nigeria Airways Limited over issues of debts. Since the takeover of both firms, by AMCON, the airlines have recorded diminishing performance, while their debts continue to rise. After the COVID-19 lockdown was lifted […]
In 2013 the federal government responded to many years of clamour of the people of South-east Nigeria to have international airport in their zone by designating the Akanu Ibiam Airport, Enugu as international airport. Before then there was no international flight emanating from the zone and till today, there are only four airports that process […]
