Local Airlines Cumulative Losses Hit N360bn     The current restriction of both local and foreign commercial flight services has forced domestic carriers into financial distress as cumulative losses hit N360 billion. The sum, spread across eight airlines, is the running cost of operation, which include aircraft leasing,...

Domestic Airlines May Raise Fares Following VAT Increase   There are indications that domestic airlines may raise airfares following the increase in Value Added Tax from five per cent to 7.5 per cent by the Federal Government. Our correspondent gathered that airline operators are considering the increase...

Nigeria, 27 Other African Countries Reviews Air Agreement In line with the provisions of the Single African Air Transport Market of the African Union, Nigeria has reviewed air transport agreement with 27 countries. A total of 28 African countries have signed, with solemn commitment, the Single...

Nigeria Loses $3bn In Capital Flight To Foreign Airlines Dominance, Says AON The Airline Operators of Nigeria has called on the Federal Government to support domestic carriers, saying that foreign airlines had dominated the country’s airspace resulting in about $3bn capital flight, annually. The Chairman, AON,...