The International Air Transport Association (IATA) has commended Nigeria for releasing $265 million to foreign airlines last week, as the first tranche of their $464 million revenue held in the country. Lauding the federal government, the global body called on countries like Ethiopia, Algeria and others with airlines’ blocked fund to emulate Nigeria by releasing […]
The African Civil Aviation Commission (AFCAC) has appointed Ms. Adefunke Adeyemi as the new Secretary General of the commission. According to a press release by the body, Ms. Adeyemi’s election was announced on July 15, 2022 at the 34th AFCAC Plenary in Dakar, Senegal, adding that the new Secretary General takes over from the former […]
The President and council members of National Association of Nigeria Travel Agencies ( nanta) is deeply concerned about the impression the trapped funds of foreign Airlines operating in the country portrays Nigeria. NANTA as a strategic concerned partner in the downstream aviation sector have over the years appealed to the government through the central […]
Recovering from COVID-19 economic meltdown to the struggle with high price of aviation fuel due to the Ukrainian war, the International Air Transport Association, has expressed hope that the desire to travel and the removal of last travel restrictions will propel airlines to bounce back to profitability. At the unveiling of the 78th Annual General […]
*Airfares to Nigeria Three-times Higher than What Obtains in Other Countries The International Air Transport Association (IATA) has disclosed that airlines unremitted revenues from Nigeria (known as blocked funds) has risen to $450 million, representing 25 per cent of the total amount of international carriers’ funds held back by central banks of many countries, put […]
