The review of the first halfof 2018 indicates a beckoning hope for the aviation industry in Nigeria as government policies, African Union, regional financial institutions gear up to grow air transport in the continent. The aviation industry showed greater prospects in the first half of 2018, than in the previous years, with African Development Bank […]
For several years, Nigerian airlines expressed dissatisfaction over the payment of Value Added Tax (VAT) and complained that it ate deeply into their operations. Also, the airlines lamented that they pay too many taxes and charges which continued to eat into their profits. Nigerian airlines have average of 10 years lifespan as after that, they […]
Domestic airlines said that the recent Value Added Tax (VAT) waiver given to them by the federal government estimated to be about N50 billion annually would give them relief financially, provide them fund for aircraft maintenance, create more employment in the sector and lower air fares. The airlines said increased passenger movement in the domestic […]
Airline Operators of Nigeria (AON) has vowed that from June 14, 2018, its members would stop paying Value Added Tax (VAT) to the federal government, estimated to be over N15 billion annually. AON made this known in Lagos yesterday during a meeting of the chief executives of airlines and attributed the short life span of […]
The Nigerian Civil Aviation Authority (NCAA) has said domestic airlines must automate their payment system to ensure the remittances of their ticket and cargo sales charges (TSC). The agency said the airlines owed it over N15 billion and stop the accrual of further debts, the Authority has insisted that airlines must embrace the Aviation Revenue […]
