Nigerian airlines may be forced to stop operation if Lloyd’s carries out its threat to blacklist and downgrade Nigerian airlines over their inability to pay insurance premium. The airlines are already beset by paucity and high price of aviation fuel, low passenger traffic as well inability to obtain foreign exchange to meet their aircraft and […]
Lloyd’s of London, the world’s leading insurance market, has issued a warning to Nigerian airline operators that it might be forced to blacklist the country in the face of continued failure of some operators to fulfill their obligations of paying their premiums to the insurer regularly. Nigerian airlines have been finding it increasingly difficult to […]
The declining number of operating aircraft in Nigerian airlines’ fleet is taking a toll on air transportation in the country as most flights are either delayed or cancelled leaving passengers stranded at various airports. THISDAY checks revealed that the air passengers that wait in departures are currently on the rise, as there are only few […]
Domestic airline operators have called on the federal government and concerned authorities to take urgent measures to ensure availability of aviation fuel, otherwise known as Jet A1. They warned that if no urgent action was taken to supply the product, they may be forced to suspend their services. Some of the operators who spoke to […]
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 […]