Airlines, Others Generate N146bn In Nine Months As Aviation Industry Rebounds   The relaxation of travel restrictions occasioned by the COVID19 pandemic and increased economic activities during the year drove recovery in the aviation sector in the first nine months of 2021, a new report obtained...

Nigeria Tops Chart As 11 African Countries Block Airlines’ $700m Revenue   Nigeria and 10 other African countries have stopped foreign airlines from repatriating ticket sales proceeds estimated at $700m to their various head offices in overseas, the International Air Transport Association has said. The Regional Vice...

IATA Forecasts $201bn 2020-2022 Losses For Airlines           The International Air Transport Association (IATA) yesterday released its latest outlook for the airline industry’s financial performance showing improved results amid the continuing COVID-19 crisis. Net industry losses are expected to reduce to $11.6 billion in 2022 after a...

Aviation: Fed Govt Okays New Handling Rates, 35 Years After Last Adjustment       The federal government has approved a new Safety Threshold Ground Handling Charges for foreign and domestic airline operators, 35 years after the last adjustment. A circular signed by the Director-General of the NCAA, Capt....

Reps Panel Seeks Forex Availability For Airlines       The Chairman, House of Representatives Committee on Aviation, Nnolim Nnaji, has urged the Central Bank of Nigeria to make foreign exchange accessible to airlines. Nnaji, while addressing aviation correspondents on the sidelines of a conference in Lagos, said making...

Forex Scarcity: Airlines Worried As Operational Cost Rises       There is no end in sight to the operational challenges confronting domestic airlines following the seemingly unending naira depreciation and scarcity of foreign exchange. With one dollar exchanging for N502 at the parallel market as at yesterday, operators...