NCAA, Airlines Settle On N22bn Debt
The Nigerian Civil Aviation Authority (NCAA) said yesterday it is developing a flexible payment plan to retrieve the over N22bn debts being owed by airline operators.
Economic Confidential reports that the NCAA had recently vowed to impose sanctions for operators...
Local Airlines Hike Fares To 100%
One of the most expensive pricing regimes in local airfares may be upon the aviation industry, as ticket rates have more than doubled in a week.
The spike, which operators blamed on an exchange rate that hit N500 to $1...
NCAA To Sanction Airlines Over N22bn Debts
Nigerian Civil Aviation Authority (NCAA) has concluded plans to embark on recovery of over N22 billion owed aviation agencies by indigenous carriers in the last 20 years.
The move by the regulatory body would lead to disruption in air...
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...
