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Local Airlines’ Debt Burden Hits N22bn

Local Airlines’ Debt Burden Hits N22bn       Minister of Aviation, Hadi Sirika, yesterday, disclosed that the local airlines’ total debt burden to regulatory agencies stood at N22 billion. A breakdown showed the sum of N19.37 billion and $6,993,284 million (N2.7 billion) as unremitted Ticket Sales Charge...

FAAN Disrupts Airlines’ Operations Over Debts

FAAN Disrupts Airlines’ Operations Over Debts       The Federal Airports Authority of Nigeria (FAAN) recently disrupted the operations of airlines indebted to the agency by delaying the operations of two airlines at the Nnamdi Azikiwe International Airport, Abuja. FAAN officials closed the counters of the two...

Fed Govt Will Double Nigeria’s Airports By 2023 – Minister

Fed Govt Will Double Nigeria’s Airports By 2023 – Minister       The Federal Government on Tuesday declared that it would double the number of airports across Nigeria by 2023. Nigeria has about 31 airports currently. The Federal Airports Authority of Nigeria operates 26 of the facilities, while...

Aviation Unions Threaten FAAN With Strike Over Salary Shortfalls

Aviation Unions Threaten FAAN With Strike Over Salary Shortfalls         Aviation unions have threatened to go on strike in seven days over shortfalls in salary payments to workers of the Federal Airports Authority of Nigeria. In a letter addressed to the Managing Director of the FAAN, Capt....

‘18 Unviable Airports Account For N65bn Revenue Shortfall’

‘18 Unviable Airports Account For N65bn Revenue Shortfall’       The Federal Airports Authority of Nigeria (FAAN), has blamed unviable airports scattered nationwide for its poor earnings and revenue shortfall over the years, now in excess of N65 billion. Management of FAAN, while appearing before the House of...

Debts: FAAN To Quit Servicing Private Airports

Debts: FAAN To Quit Servicing Private Airports       The Federal Airports Authority of Nigeria (FAAN) may quit its services for some private aerodrome operators over growing debts. The authority had, issued a 21-day ultimatum with effect from September 1 to the affected government agencies and private airport...