Minister Urges Foreign Airlines to Rescind Decision to Leave Nigeria

The Federal Government has assured the players in the aviation sector, especially the foreign carriers that the current challenges are temporary. The Minister of State (Aviation), Sen Hadi Sirika gave this assurance during the visit of the Regional manager for Emirates Airlines, Manoj Gopi Nair in his office yesterday. This is according to a statement by […]

Foreign Airlines Demand Standard Foreign Exchange Rate

International carriers that operate to different destinations in the country have called on the federal government to give them standard exchange rate for the repatriation of revenues earned from ticket sales or they would be forced to leave Nigeria.   The Sales Manager of Emirates Airlines, Eghe Ekhator, issued the threat, why explaining the reasons […]

As Mixed Feelings Trail Local Airlines’ Inclusion in FX Market

Although domestic airlines have expressed satisfaction over their recent inclusion in the interbank FX market, they have however argued that its implementation is a totally different ballgame. It was an elated Minister of State, Aviation, Senator Hadi Sirika that conveyed the good news last weekend that the Central Bank of Nigeria (CBN) had included domestic […]

FG Includes Airlines in Interbank Foreign Exchange Market

After months of agitation the federal government has included airlines in the Interbank Foreign Exchange Market, which means that they would now be given priority when they request for foreign exchange, along with others also shortlisted. The Minister of State, Aviation, Senator Hadi Sirika made this known at the weekend and said that it was […]

Arik Aircraft Aviation

Recession: Domestic Airlines Face Bleak Future

Industry experts have projected that by the end of 2017 only three Nigerian airlines will be operating scheduled passenger service, which means that two more airlines may stop operation after Aero Contractors. Domestic carriers are facing hard times owing to high cost of aviation fuel and a slumping Naira because almost everything used for airline […]