The Federal Republic of Nigeria is set to sign a Memorandum of Understanding (MoU) with the Federative Republic of Brazil on a Bilateral Air Service Agreement (BASA) to unlock direct flights.
Investors To Raise N102.75bn For National Carrier – Fed Govt
Private investors are to raise $250m (N102.75bn at N411/$ official exchange rate) to start up Nigeria’s national airline, the Federal Government has said.
It disclosed this in a document on the updated status of the government’s...
Local Airlines To Gain From Air Pacts – Onyema
Chairman of Air Peace, Mr. Allen Onyema applauded the decision of President Muhammadu Buhari to ratify the bilateral air service agreements (BASAs) with the United States, India, Morocco and Rwanda.
He said the signing “is yet another...
Buhari Signs Air Service Pact With USA, Others
The President Muhammadu Buhari, has signed the instruments of ratification of the Bilateral Air Service Agreement between Nigeria and the United States of America, India, Morocco and Rwanda.
Minister of Aviation, Hadi Sirika, announced this on Tuesday in...
$5bn Lost Annually to Uneven Bilateral Agreements
Nigeria loses over $5 billion annually in the aviation industry which includes about $2 billion repatriated per annum by foreign airlines and unserviced Bilateral Air Service Agreement (BASA).
This unfortunate incident occurs because the country does not have major...
Unfavourable Bilateral Air Service Agreements (BASAs) that allow foreign airlines access into the local market is costing the Nigerian economy and her ailing aviation sub-sector billions of naira yearly.
The loss, in excess of over N200 billion, follows the perennial inability of the nation’s flag...
