There are fears that the Bilateral Air Service Agreement (BASA) fund, which accruals had risen to over $100 million (N38.1 billion) may have been diverted to fund projects outside the aviation sector, aviation industry sources have said. THISDAY investigations revealed that the funds, which are paid by foreign airlines operating into Nigeria, stem from the […]
* Why Nigerians pay higher airfares The Country Manager of British Airways, Kola Olayinka has disclosed that foreign airlines operating in Nigeria lost N6.4billion in the N157.6 billion ($800) of their revenues trapped in the Central Bank of Nigeria (CBN) when the Naira was devalued from N197 to N280 by the apex regulator. The […]
Managing Director of Medview Airline, Alhaji Muneer Bankole has called on the federal government to support Nigerian airlines to grow and increase capacity. What is the history of this aircraft that just returned from major checks? You know this is our first baby that we bought at the commencement of our operation, so we took […]
Airlines that operate international destinations from Nigeria made over N302 billion ($15 billion) from ticket sales in 2015. The airlines included European mega carriers, US carriers, African and indigenous operators. Among the major carriers emirates earned the highest money of N50 billion, followed by British Airways with ticket sales of N48 billion during the period. […]
