BASA Fund Archives - Aviation Media Africa | Online Magazine for Aviation,Travel,Tourism.

FG Loses N43. 48bn Foreign Airlines BASA Remittances

Aviation Media
January 13, 2017
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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. […]

Aviation

BASA Fund Worth $100m Diverted

Aviation Media
August 26, 2016
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There are fears that the Bilateral Air Service Agreement (BASA) fund, which accruals had risen to over $100 million (N38.1 billion) may have been diverted to fund projects outside the aviation sector, aviation industry sources have said. THISDAY investigations revealed that the funds, which are paid by foreign airlines operating into Nigeria, stem from the […]