Airlines operators have called on the aviation agencies like the Nigeria Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) to review the charges on tickets in order to bring down airfares, which according to them, has skyrocketed. The operators said due to increase in the cost of aviation fuel, which is […]
It has emerged that factors such as foreign exchange fluctuations, age limited of aircraft set by the federal government and high interest rate are responsible for the short lifespan of Nigerian airlines and their inability to acquire new aircraft. Analysts believe this is why no Nigerian carrier has operated schedule service for up to 30 […]
Nigeria recorded a total of 15.89 million passengers who travelled through the nation’s airports in 2023, which is less than 16.17 million that passed through the airports in 2022. Experts who blamed the shortfall on the ‘Japa’ syndrome, said in 2023, about 2.04 million Nigerians travelled out of the country between January and December, while […]
*Country Risk Discourages Lessors to Lease Aircraft to Nigerian Airlines Airline Operators of Nigeria have declared that they are facing existential threat because of the challenges they face, ranging from scarcity of foreign exchange, high price of aviation fuel and the difficulty in acquiring aircraft due to country risk. The operators also pointed out that […]
Despite the recent payment of $61 million (N66 billion) to foreign airlines by the federal government as part of their revenue trapped in Nigeria, international carriers still charge Nigerians outrageous fares for international travels, THISDAY can report. Before the federal government paid the $61 million, trapped funds in Nigeria had risen to about $800 million. […]
