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...

Airlines Resume, Seek Release Of N27bn Bailout         Local airlines, yesterday, resumed skeletal services following last week’s disruption by the EndSARS protests and the attendant curfew imposed by the Lagos State government. The demonstrations, which had forced some foreign operators to suspend flights, resulted in grounding of...

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...

Cargo To Save Local Airlines Amid Global Slump, Crises   Local airlines have been urged to shift focus to air cargo operations to enhance the chances of survival during the current restriction in passenger services and the difficult recovery that lies ahead. Industry experts said the airlines...

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,...

In Three Weeks, Local Airline Loses N2.1bn   A major local airline has lost as much as N2.1 billion in the last three weeks over flight disruption occasioned by the coronavirus disease pandemic. The airline, Air Peace, accounts for at least 40 per cent market share of...