Air Travel Earns $1.7bn Annually, Create 341,000 Jobs       Contribution of the air travel sector to the country’s Gross Domestic Product (GDP) has been put at $1.7 billion yearly, with at least 341,000 direct jobs. The Commissioner of the Accident Investigation Bureau (AIB) Nigeria, Akin Olateru, made...

NCAA, Airlines Settle On N22bn Debt         The Nigerian Civil Aviation Authority (NCAA) said yesterday it is developing a flexible payment plan to retrieve the over N22bn debts being owed by airline operators. Economic Confidential reports that the NCAA had recently vowed to impose sanctions for operators...

Local Airlines’ Debt Burden Hits N22bn       Minister of Aviation, Hadi Sirika, yesterday, disclosed that the local airlines’ total debt burden to regulatory agencies stood at N22 billion. A breakdown showed the sum of N19.37 billion and $6,993,284 million (N2.7 billion) as unremitted Ticket Sales Charge...

Unremitted Ticket, Cargo Charges Now Exceeds N10bn – NCAA       The Nigeria Civil Aviation Authority (NCAA), the aviation regulator said unremitted Ticket Sales Charge (TSC) and Cargo Sales Charge (CSC) have exceeded N10 billion. The TSC and CSC is the money collected by airlines and remitted to...

Eight Years After, N600m AIB Lab Still Dormant   Eight years after, the metallurgical science laboratory of the Accident Investigation Bureau (AIB) is still left to rot away in Abuja as it has not been put to use. The facility, built at a cost of N600m, was...