NCAA INSISTS ON AUTOMATION OF REMITTANCES BY DOMESTIC AIRLINES
The Nigerian Civil Aviation Authority (NCAA) has said domestic airlines must automate their payment system to ensure the remittances of their ticket and cargo sales charges (TSC). The agency said the airlines owed it over N15 billion and stop the accrual of further debts, the Authority has insisted that airlines must embrace the Aviation Revenue […]
NCAA TO SANCTION AIRLINES AS DEADLINE TO AUTOMATION ENDS
As the final deadline given to airlines to automate their payment system for the remittances of the statutory 5 percent ticket sales/cargo sales charge ends, the Nigerian Civil Aviation Authority (NCAA) said it would sanction airlines that did not meet the deadline. The Authority had shifted the January 31st 2017 ultimatum to March ending at […]
Nigerian Airlines Spend over N10bn Annually on Taxes
Nigerian airlines pay over N10 billion on taxes annually, according to recent estimates by airline Operators of Nigeria (AON). The AON said the huge taxes undermine profitability and threaten the ability of the airlines to maintain their aircraft overseas. These taxes are paid by commercial airlines in schedule services, charter airlines and companies that provide […]
FG Loses N43. 48bn Foreign Airlines BASA Remittances
The federal government may have lost over N43.48 billion ($144 million) remittances paid by international airlines as reciprocity charges in the Bilateral Air Service Agreement (BASA) from 2014 to the end of 2016 due to the decision of the Ministry of Transport to stop collecting the charges without providing alternative payment platform for the airlines. […]