* 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 […]
Some Nigerian airlines have said if the price of aviation fuel continues to stay at the present average price of N140 per litre in the next two weeks they would stop operation and ground their fleet. The airlines told THISDAY that the market has depleted by about 50 percent from last year and further […]
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 […]
Nigerian airlines have implored the Central Bank of Nigeria (CBN) to allow them direct access to forex market in order to meet the demands of their creditors and be able to renew their aircraft leases. The airlines said the limited access to foreign exchange, has made it difficult for them to pay for aircraft […]
