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, […]
Chairman of Air Peace, Allen Onyema has said that for Nigeria to firm up the value of the naira, government, airline operators must work together to curtail the amount of foreign currency taken out of the country by the aviation industry. Excerpts: What is your evaluation of the Nigerian travel market vis-a-vis the performance of […]
A think-tank body known as Aviation Round Table Initiative (ARTI) has expressed support for the establishment of national carrier but noted that such airline must be fully funded by the private sector and not by government or its agencies. The body, which observed that weak government policies are responsible for the failure of domestic […]
