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Airlines To Save N11.6b Yearly From Removal Of VAT, Others

Airlines To Save N11.6b Yearly From Removal Of VAT, Others   The planned review and removal of the mandatory Value Added Tax (VAT) on all air travel tickets issued in the aviation sector will save local airlines at least N11.55 billion in revenue yearly. The tax, which...

Domestic Airlines Drop from 150 to Eight

The number of domestic airlines in the country has dropped from 150 to eight in the last 17 years, the Nigerian Civil Aviation Authority has said. The General Manager, Public Relations, NCAA, Sam Adurogboye, said during an interaction with journalists that the development was due...

‘Domestic Airlines Pay 40% of Ticket Revenue as Tax’

The Airline Operators of Nigeria has said the domestic carriers in the country are being stifled by the manipulation, feasting and pushing of their finances through multiple taxes, charges and levies to the extent that the airlines are now groaning under the pressure and...

Aviation Sector Lost $2 Billion Investment in Two Years

THISDAY investigations have revealed that the aviation industry in 2015 and 2016 lost over $2 billion investment from international financiers who wanted a stake in Nigeria air transport sector due to the prevailing economic downturn. Considering the huge potential market for aircraft maintenance in Nigeria,...

58% of Domestic Flights Delayed in 2016

Eight Nigerian airlines delayed 32,121 (equivalent to 58%) of 54, 682 flights operated between January and December, 2016 and cancelled 1,207 flights, findings by Daily Trust have shown. In the year under review, the airlines, including Aero Contractors, Arik Air, Azman Air, Med-View, Dana Air,...

Nigeria aviation gets world safety rating

Nigeria has been rated among the world leaders in aviation safety, the Nigerian Civil Aviation Authority (NCAA) has said. NCAA’s General Manager (Public Relations), Mr Sam Adurogboye, said in a statement that the country climbed to Level three State Safety Programme (SSP) Implementation Process. With the...