*Top travel agent explains why CBN does not owe foreign airlines Foreign airlines have continued to dispute the claim of the Central Bank of Nigeria (CBN) that it has paid off all the trapped airlines funds in its possession. But there are indications that the apex bank might be right as other revenues of the […]
The International Air Transport Association (IATA) has commended Nigeria for releasing $265 million to foreign airlines last week, as the first tranche of their $464 million revenue held in the country. Lauding the federal government, the global body called on countries like Ethiopia, Algeria and others with airlines’ blocked fund to emulate Nigeria by releasing […]
*Aviation stakeholders hail release of funds, seek permanent solution *Say CBN’s action saved Nigeria’s image Following the announcement of the release of $265million trapped funds to foreign airlines by the Central Bank of Nigeria (CBN), the international carriers have reintroduced their lower class tickets, better known as lower inventory in their operations in Nigeria. This […]
Industry stakeholders have excoriated Emirates Airlines over its decision to suspend its operations to Nigeria from September 1, 2022, saying that it is a subtle pressure on government to release dollars that are obviously unavailable. The industry observers said that the reason why the Central Bank of Nigeria (CBN) has been unable to pay the […]
Nigeria-based major cargo carrier, Allied Air has taken delivery of its first Boeing 737-800 converted freighter. The airline said aircraft is worth about N8 billion and it is the first for cargo airlines in Africa, adding that the freighter (MSN 36846) is the youngest 737-800 in the world that has been converted to-date. Allied Air […]
