In 2016 many oil producing countries that were hit by economic crunch due to low prices of the product could not allow international carriers to repatriate their revenues as foreign exchange became very scarce. Twenty months after, airlines that operate to Nigeria still battle government for the full repatriation of their funds. At the peak […]
Chairman and CEO of Air Peace, Chief Allen Onyema argues that pent up demand on the foreign exchange market arising from capital flight is one of the reasons for the pressure on the exchange rate, and urged government to encourage indigenous airlines to build capacity and operate international routes. What gave you the impetus […]
Although Nigerian airlines and international carriers agreed that for safety reasons the Nnamdi Azikiwe International Airport, Abuja ought to be closed so that rehabilitation work could be done on the runway, but few days towards March 8, 2017 when the airport would be closed, airlines have not completed plans to move their Abuja operations to […]
Over 11m Nigerians travelled by air Despite the economic downturn, which has eroded the purchasing power of Nigerians, air travel still recorded ticket sales of N330,548,324,796.84 from January to October 2016, a little less than N385,909,897,028. 80 sold between January to December in 2015. It is however projected that the total number of ticket sales […]
Airline operators have called on the Federal Airports Authority of Nigeria (FAAN) to avert imminent tragic accident by urgently rehabilitating the runways at the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport, Abuja, which have degenerated over the years and are now damaging aircraft gears on landing and take-off. The latest […]