The Central Bank of Nigeria (CBN) has confirmed that the intervention fund given to Nigerian airlines in 2010 was actually meant to cushion the debts owed the banks by the domestic carriers. The federal government gave N300 billion to the power and airlines to share, which was meant to help the airlines acquire new aircraft […]
As the fastest means of moving from one place to another, air transport industry plays pivotal role in any country as a critical springboard to economic development. But the confidence of the public and government officials has been eroded over the efficiency and reliability of Nigeria’s domestic airlines; not just because of safety fears, […]
International carriers that operate to different destinations in the country have called on the federal government to give them standard exchange rate for the repatriation of revenues earned from ticket sales or they would be forced to leave Nigeria. The Sales Manager of Emirates Airlines, Eghe Ekhator, issued the threat, why explaining the reasons […]
Although domestic airlines have expressed satisfaction over their recent inclusion in the interbank FX market, they have however argued that its implementation is a totally different ballgame. It was an elated Minister of State, Aviation, Senator Hadi Sirika that conveyed the good news last weekend that the Central Bank of Nigeria (CBN) had included domestic […]
Spanish carrier Iberia is the latest to reveal plans for a separate premium economy cabin. Iberia announced this week that it will install the seats on 37 of its long-haul aircraft, the first of which will be available to passengers in the summer of 2017. The oneworld airline will install the seats on eight of […]