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Foreign Airlines to Manage Arik – AMCON

The Assets Management Company of Nigeria (AMCON) has said that it would engage some foreign airline operators to manage Arik Airline which it took over recently. Speaking during a session with the House of Representatives aviation committee in Abuja, the Managing Director of AMCON, Ahmed...

Abuja Airport Closure: Foreign Airlines List Demands

International airlines operating in Nigeria have outlined their demands before they can effectively fly to the Kaduna International Airport once the Nnamdi Azikiwe International Airport, Abuja is closed for a six week repair on its runway, beginning from March 8. The airlines made their demands...

Foreign Airlines Lose N67bn to New Forex Policy

The over 25 foreign airlines flying into Nigeria have lost a combined sum of $240m (N67.2bn) following the adoption of a new foreign exchange policy by the Central Bank of Nigeria, the  Punch investigations have revealed. The International Air Transport Association, the global trade body...

Foreign Airlines Lose Nigeria’s High Yield Market to Economic Downturn

THISDAY investigations have revealed that foreign airlines lose about $200 million monthly to the present economic crunch in Nigeria, which has forced potential travellers to defer their trips due to lack of disposable income. Also, there is reduction in passenger traffic as cash squeeze has...