Tag: IATA
-
IATA hails Nigeria for clearing 98% of airlines’ trapped funds
The International Air Transport Association (IATA) has hailed the Nigerian government for clearing 98 per cent of airlines trapped funds in the country, which the carriers had hitherto been able to repatriate.
-
CBN disburses $61m to foreign airlines
The Central Bank of Nigeria (CBN), says it has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs).
-
IATA appeals to FG on airlines’ blocked funds
The International Air Transport Association (IATA) has appealed to the Federal Government of Nigeria on resolution of airlines’ blocked funds. Dr. Samson Fatokun, IATA Area Manager, West, and Central Africa, made the appeal on Tuesday in Abuja, when he led a team to pay a courtesy visit on the Minister of Aviation, Sen. Hadi Sirika.…
-
BREAKING: Again, Emirates Airlines suspends flight operations to Nigeria
Emirates Airlines says it has suspended flight operations to Nigeria, effective October 29 2022. TheNewsGuru.com (TNG) reports Emirates Airlines as saying this is a result of its inability to repatriate funds trapped in the country.
-
Emirates Airlines: Airline chief laments, asks CBN to release blocked funds
Chief Executive Officer of an aviation company, Mr Segun Adewale has urged the Federal Government to expeditiously repatriate the 600 million dollars ticket revenue belonging to foreign airlines operating in the country.
-
Nigeria owing $450m in foreign airline revenue repatriation – IATA
The International Air Transport Association (IATA) has alleged the Nigerian Government is preventing foreign airlines from repatriating the sum of $450 million (about N188.6 billion) revenue earned from ticket sales, to their respective countries. IATA’s Regional Vice President, Africa & Middle East Kamil Al-Alawadhi, made this known on Sunday during a press briefing, against the…
-
FG receives aircraft for distribution COVID-19 vaccines
The Minister of Aviation, Sen. Hadi Sirika, on Thursday received a new aircraft brought by Allied Air at the Nnamdi Azikiwe International Airport, Abuja for the distribution of COVID-19 vaccines across the country. The modern aircraft B737-800SF was acquired by Allied Air, a Lagos-based and the only International Air Transport Association (IATA) designated cargo airline…
-
African Airlines record increase traffic, passengers in June – IATA
The International Air Transport Association (IATA) says African airlines recorded remarkable growth in traffic, capacity and load factor in June. A statement by IATA on Thursday disclosed that the airlines’ traffic soared by 9.9 per cent, capacity by 7.1 per cent, while load factor jumped to 64.3 per cent during the month. It explained that…
-
E-device ban on Europe-US flights means $1.4bn productivity loss – IATA
The International Air Transport Association (IATA) says expanding the cabin ban on the carriage of large Portable Electronic Devices (PEDs) to Europe-to-US flights can lead to 1.4 billion dollar loss of productivity. The Director General of the Geneva-based apex aviation body, Mr Alexandre de Juniac, said the ban was one of the key issues to…