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 […]
After months of agitation the federal government has included airlines in the Interbank Foreign Exchange Market, which means that they would now be given priority when they request for foreign exchange, along with others also shortlisted. The Minister of State, Aviation, Senator Hadi Sirika made this known at the weekend and said that it was […]
Some international airlines, which hitherto had their operational bases in Nigeria, have started relocating their offices to Accra, Ghana from where they come to pick passengers in Nigeria. The airlines, THISDAY gathered, cited the poor value of the naira, high cost and paucity of aviation fuel as some of the reasons for their relocation. Already, […]
The Chairman of Airline Operators of Nigeria, Captain NogieMeggison says the aviation industry is a huge source of revenue to the government, just like oil, but government must put favourable policies in place for this to happen. With the meeting at ART yesterday (Wednesday August 3) could you say that government is responsible for most […]
