The Central Bank of Nigeria (CBN) yesterday released $265 million to foreign airlines operating in the country for the remittance of a part of their revenues trapped in the country. A number of foreign airlines had raised the alarm over their inability to remit their revenues in Nigeria said to be around $450 million. Last […]
Weak regulations, which do not compel foreign airlines to partner local airlines, have encouraged the international airlines operating in Nigeria to repatriate $2.2 billion from January 2017 to June 2018 without investing part of these proceeds in the country, THISDAY has learnt. According to statistics by the International Air Transport Association (IATA), international airlines sold […]
Ahead of the April 19 date for re-opening of the Nnamdi Azikiwe International Airport, Abuja, domestic and international airlines have started selling tickets to Abuja as a destination, preparatory to commencement of flight to the Federal Capital Territory (FCT). The Minister of State, Aviation, Senator Hadi Sirika had expressed optimism that the ongoing work on […]
Over 11m Nigerians travelled by air Despite the economic downturn, which has eroded the purchasing power of Nigerians, air travel still recorded ticket sales of N330,548,324,796.84 from January to October 2016, a little less than N385,909,897,028. 80 sold between January to December in 2015. It is however projected that the total number of ticket sales […]
Airlines that operate international destinations from Nigeria made over N302 billion ($15 billion) from ticket sales in 2015. The airlines included European mega carriers, US carriers, African and indigenous operators. Among the major carriers emirates earned the highest money of N50 billion, followed by British Airways with ticket sales of N48 billion during the period. […]
