Last week aviation industry stakeholders debated why Nigerian airlines have short life span and identified factors responsible. Writer takes a look at the factors and the way out. Last week industry stakeholders met in Lagos to deliberate on factors responsible for short lifespan of Nigerian airlines and how to open the industry for potential growth. […]
The Nigeria Civil Aviation Authority (NCAA) said it has generated N6.112.8 billion ($16.98 million) as Ticket Sales Charge (TSC) from international airlines and over N9.16 billion from local airlines, totaling N15.273 billion between the months of January to August this year. This was disclosed to newsmen at the weekend in Lagos by the Director General […]
If Nigerian airlines succeed in the on-going plan to interline their operations they will benefit from the $1.5 billion ticket sales on domestic and regional routes and also save over $1.5 billion in fuel, aircraft depreciation and flight allowances every year, THISDAY has learnt. According to industry insiders, what this means is that instead of […]
Domestic airlines said that the recent Value Added Tax (VAT) waiver given to them by the federal government estimated to be about N50 billion annually would give them relief financially, provide them fund for aircraft maintenance, create more employment in the sector and lower air fares. The airlines said increased passenger movement in the domestic […]
Failure to effectively service their debts has prompted Nigerian banks to cut their credit facility to domestic carriers, thus denying them operational funds. Inside sources disclosed to THISDAY that some airlines could not source funds to pay for the maintenance of their aircraft overseas and could also not ferry the ones due for major maintenance […]
