NCAA Gives Foreign Airlines Dec. Deadline For 5% Revenue Automation
The Nigerian Civil Aviation Authority (NCAA) yesterday ordered foreign airlines to comply with the automated revenue payment platform for the remittance of five per cent Ticket Sales Charge/Cargo Sales Charge (TSC/CSC) on or before December...
AMCON to Divest in Aero Contractors
Asset Management Corporation of Nigeria (AMCON) has confirmed plans to sell its shares in Aero Contractors airlines.
Chief Executive Officer of the airlines, Captain Ado Sanusi, disclosed this, adding that investors have started to indicate interest in the airlines.
It will...
Airlines Tickets Sales Hit N505bn in 2017
Nigeria’s domestic carriers and international airlines operating into the country recorded combined ticket sales of N505.2bn in 2017, the Nigerian Civil Aviation Authority has said.
The NCAA noted on Thursday that the figure increased by 14.2 per cent or...
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...
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...
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...
