Local Airlines Spend N44bn Annually On Overseas Maintenance
Overseas maintenance of aircraft costs scheduled local airlines excess of N44 billion yearly.
The capital flight, from a conservative estimate of about 70 operating airplanes, lately soared given the black market exchange rate of close to N500/$1.
Stakeholders said...
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...
Unremitted Ticket, Cargo Charges Now Exceeds N10bn – NCAA
The Nigeria Civil Aviation Authority (NCAA), the aviation regulator said unremitted Ticket Sales Charge (TSC) and Cargo Sales Charge (CSC) have exceeded N10 billion.
The TSC and CSC is the money collected by airlines and remitted to...