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Farooq

Posts Tagged "airline"

HomePosts Tagged "airline"

Chinedu Eze The Nigeria Civil Aviation Authority (NCAA) has directed domestic airlines to increase the fares payable on air tickets to ensure safe and efficient services to air travelers. Specifically, the NCAA, which is the regulatory body for aviation in Nigeria, urged the airlines to make sure that airfares are in tandem with cost of […]

Air travellers from Nigeria are having a horrid time, as airfares on international routes have jumped over the roof, prompting prospective passengers to either postpone their trips or opt for outright cancellation. Two factors – depreciation of local currency against the United States dollars and the rush for summer holiday – have pushed airfares up […]

As FX constraint continues to bite and create hardships for airlines, Nigerian government has been charged to ensure that domestic carriers do not continue to suffer at the expense of their international counterparts given that it has made over $200,000 million available to foreign airlines in 2016. Airline operators under the aegis of the Airline […]

Chinedu Eze THISDAY investigations have revealed that foreign airlines lose about $200 million monthly to the present economic crunch in Nigeria, which has forced potential travelers to defer their trips due to lack of disposable income. Also, there is reduction in passenger traffic as cash squeeze has impacted negatively on the purchasing power of the […]

British Airways has refuted media report that it is planning to stop operations to Nigeria over its $100m trapped in the country. The foreign carrier stated that the publication that it had concluded plans to exit the country was untrue, stressing that it never issued any statement to the media indicating such. A United States […]

By Chinedu Eze If the Central Bank of Nigeria (CBN) devalues the Naira as pressure mounts on the federal government to do so, foreign airlines may lose about 45 per cent of their over N119. 4 billion ($600 million) trapped in CBN. THISDAY gathered that the airlines would lose substantial value of their earning, a […]

By Alexis Akwagyiram LAGOS May 17 (Reuters) – Fuel shortages have caused an increase in cancellations and delays to internal flights in Nigeria over the last few days, a spokesman for the aviation authority said on Tuesday. Nigeria is facing its biggest economic crisis for decades due to the knock-on effects of a slump in […]

By Wole Oyebade Nigerians planning to travel overseas yesterday morning woke up to the news that their preferred foreign airlines have further raised fares one notch. Notwithstanding the new hike, the tickets, particularly those of United and Delta Airlines are still not available to intending passengers that are wiling to pay in naira. The Guardian […]