Airlines’ Locked Funds Drop to $1.8 billion with Major Clearance in Nigeria
The International Air Transport Association has reported a 28% decrease in the amount of airlines' funds blocked from repatriation by ...
Tag: Airlines
Airlines’ IT Spend Increases YoY to $10.8bln in 2023 – SITA
SITA’s 2023 Air Transport IT Insights report, published recently, finds that both airports and airlines saw IT spend increase year ...
Aviation Fuel Hits N1300/litre, Airlines May Increase Fares
Airlines in Nigeria have hinted that they may be forced to review fares upward as the aviation fuel surged to ...
Foreign Airlines Still Have $600m Trapped in Banks – Minister
Festus Keyamo, the minister of Aviation and Aerospace, has stated that foreign airlines have about a $600 million backlog still ...
FX: We’ve Cleared Airlines’ $61.64million Backlog – CBN
The Central Bank of Nigeria (CBN) has claimed it has disbursed approximately $61.64 million to foreign airlines through various banks. ...
SAHCO Secures Ground Handling Services with Uganda Airlines, Ibom Air
The Skyway Aviation Handling Company (SAHCO) PLC., has won the contract of providing Passenger, Baggage and Ramp Handling services to ...
FX: Tinubu Directs CBN to Meet Foreign Airlines over $600m Trapped Funds
“Government welcomes major players in aircraft leasing and head lessors to invest in Nigeria airlines to provide state of the ...
Ibom Air Experiences Remarkable Growth Over 4-Year Period
Ibom Air, an airline owned by Akwa Ibom State, has achieved remarkable success in surpassing its targets set for the ...
United Nigeria Airlines Aircraft Skids off Runway at Lagos Airport
On Wednesday, an aircraft belonging to United Nigeria Airlines skidded off runway 18L at the Murtala Muhammed Airport terminal two ...
Foreign Airlines Generate $1.1b in Nigeria Amidst Trapped Funds
According to a report, foreign airlines operating in Nigeria generated approximately $1.1 billion in revenue in 2022, despite facing foreign ...
Foreign Airlines’ Trapped Funds in Nigeria now $743m
The amount of revenue blocked by the Nigerian government from repatriation by foreign airlines has increased to $743 million, up ...
[BREAKING] Emirates Airlines to Resume Flight Operations September 11
Inbound flights from Dubai to Lagos (EK783) and outbound flights from Lagos to Dubai (EK784) will recommence from Sunday 11th ...
Blocked Funds: CBN Releases $265m to Airline Operators
Nwanisobi retiterated that the Bank was not against any company repatriating its funds from the country
