Foreign airlines sold tickets worth $800 million (N288 billion) in the first half of 2018, according to the International Air Transport Association (IATA). The figure was a great improvement on 2017 when the airlines recorded a total of N503 billion from the Nigerian market, out of which about N259 billion was realized in the first […]
*Government Extends Completion Date for Enugu Airport Terminal Airline Operators of Nigeria (AON) has commended the federal government for issuing an Executive Order for the removal of Value Added Tax (VAT) from all forms of transportation that it believes includes the air transport sector. AON in commending the federal government thanked President Muhammadu Buhari and […]
Nigeria loses over $5 billion annually in the aviation industry which includes about $2 billion repatriated per annum by foreign airlines and unserviced Bilateral Air Service Agreement (BASA). This unfortunate incident occurs because the country does not have major airlines to reciprocate flight services to countries whose airlines operate in Nigeria. The Director General of […]
International airlines sold tickets worth $1.4 billion to Nigerian travellers in 2017 despite the economic recession that impacted negatively on individual income in the last three years. This was disclosed on Saturday by the President of the National Association of Nigeria Travel Agencies (NANTA), Bankole Bernard. Bernard explained that the revenue generated by these airlines […]
The International Air Transport Association (IATA) said the total amount of revenues owed to international carriers by some African countries have risen to N366 billion ($1.2 billion). This was disclosed by IATA’s Vice President for Africa, Raphale Kuuchi at the on-going aviation conference in Kigali, Rwandan capital. According to Reuters, out of the total amount, […]
