For several years, Nigerian airlines expressed dissatisfaction over the payment of Value Added Tax (VAT) and complained that it ate deeply into their operations. Also, the airlines lamented that they pay too many taxes and charges which continued to eat into their profits. Nigerian airlines have average of 10 years lifespan as after that, they […]
Domestic airlines said that the recent Value Added Tax (VAT) waiver given to them by the federal government estimated to be about N50 billion annually would give them relief financially, provide them fund for aircraft maintenance, create more employment in the sector and lower air fares. The airlines said increased passenger movement in the domestic […]
Nigerian airlines may find it difficult to lease aircraft from leasing companies (lessors) due to the failure of some Nigerian carriers to return the aircraft when they fail to abide by the terms of agreement, as enshrined in the Cape Town Convention, which Nigeria is signatory to. The consequence is that some Nigerian airlines would have […]
Medview Airline has frowned at what it described as inaccurate reports about its operations by some online media and expressed alarm at the level of distortion of facts about the airline. In a statement by the Chief Operating Officer, Michael Ajigbotosho, the airline said the four aircraft in its fleet are wholly owned by Medview […]
Last week, the Minister of State, Aviation, Senator Hadi Sirika held the fourth stakeholders forum in Abuja where he x-rayed the industry and reinforced government’s plan to revamp the sector. The discussions at the meeting centered around the unveiling of Transaction Advisers for the planned national carrier, the concession of major airports, the establishment of […]
