Airlines To Reduce Fares Following VAT Removal
Airlines are planning to reduce fares in response to the removal of 7.5 per cent Value Added Tax (VAT). The suspension of VAT from air fares took effect from January 1, 2021, as part of incentives contained in...
Two Months After, Airlines Await N5bn Bailout
Almost two months after the federal government approved a N5 billion bailout for the aviation sector, operators are worried over the delay in its release, even as many airlines and allied businesses are on the brink of collapse.
The...
Airlines Seek Tax Waiver, Bailout, Others In New Recovery Plan
Worried by the challenges facing global air travel in the COVID-19 era, airlines have drawn up a market stimulation strategy for governments to adopt to enable the industry to recover.
The airlines, under the aegis of...
COVID-19: Airlines Face New Threat As Second Wave Spreads
With the rising cases of COVID-19 in Nigeria and other countries, Nigerian airlines are likely to be hard hit again by the impact of the looming second wave on air travel.
Aviation experts have expressed worry that...
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 Hike Fares To 100%
One of the most expensive pricing regimes in local airfares may be upon the aviation industry, as ticket rates have more than doubled in a week.
The spike, which operators blamed on an exchange rate that hit N500 to $1...
