Airlines Record N150bn Loss in Two Months, Operations Strained
Airline Operators of Nigeria (AON) have raised alarm over losing N150bn within two months, even as ground handling companies threaten further action over about N9bn in outstanding debts.
A member of the Board of Trustees of the...
FG Mulls Debt Relief for Airlines as Fuel Crisis Bites
The Federal Government has announced plans to waive debts owed by domestic airlines to aviation agencies as part of measures to cushion the impact of the ongoing Jet A1 fuel crisis.
Minister of Aviation and Aerospace...
Finally, Nigeria Out of List as IATA Reports $1.7bn Blocked Funds
For the first time in recent years, Nigeria is out of the list of countries with a significant amount of airlines’ blocked funds as the International Air Transport Association (IATA) report indicated.
Yesterday, the association...
$2bn Debt: Airlines Get $62m As CBN Repays Banks
The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks.
Reports have put CBN’s forward contract obligations to banks at $7bn....
High Operating Costs Force Airlines to Increase Flight Seats
As part of strategies to beat high operating costs in the aviation industry, domestic airlines have increased the number of flight seats, allowing more travelers to commute and boost revenue.
The President of the National Association of...
