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. […]
Airline Operators of Nigerian (AON) has elected new executives at its 2016 Annual General Meeting in Lagos, January 11, 2017. The operators said in a statement that it now has new Executive Council in place to pilot the activities of the association for the next two years. Captain Nogie Meggison, the Chief Executive Officer of […]
In the last one month there have been acute problem of aviation fuel scarcity and bad weather that severely interrupted flight operations. These two problems, which are solvable, seemed at that time to eclipse the fundamental problem that has dogged flight operations over the years. The problem has been inefficient airports due to obsolete infrastructure, […]
Some stakeholders in the aviation industry have said that harsh operating environment, including disincentive government policies, high cost of doing business and scarcity of aviation fuel are discouraging investors from the sector. In the past four years there have been more commercial airlines that went under than the ones that came in and in the last two years it is only Air Peace […]
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 […]