There is an indication that more Nigerian airlines may close shop as the current economic downturn has hampered airlines operations. Industry experts have expressed concern that the forex scarcity is taking a huge toll on the aviation sector because virtually everything done in the airline business requires foreign exchange, except the purchase of aviation fuel. THISDAY […]
Evarest Nnaji posits that Nigerian airlines must operate in line with international standards to remain in business I have debated this matter with economists and business developers over the years, but I believe it’s now time to put it out to the public, if not for anything, at least so that we all know where we stand. Aviation […]
The regulatory authority, Nigerian Civil Aviation Authority (NCAA) has denounced the report that it authorised airlines to increase fares and said that all airlines’ tariffs for their services including fares, rates, add-on charges or terms and condition of service are fully liberalised. The agency said it has made this known in reaction to reports in […]
Nigerian airlines are fast losing passengers traffic due to the economic downturn and the fact that at the beginning of every year airlines record low passenger movement. Industry observers say that airlines have lost about 40 per cent of the traffic because many people who otherwise would be travelling chose not to because there […]
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 […]
