The regional Vice-President for Africa and the Middle East at the International Air Transport Association (IATA), Kamil Al Awadhi, has estimated that the cost of operating airlines in Nigerian airports remain among the most expensive in Africa. Awadhi, who made this remark during an interview on CNBC Africa, disclosed that contrary to reports in the […]
The National Association of Nigeria Travel Agencies (NANTA) on Wednesday said that the Federal Government has started the payment of the trapped funds of foreign airlines to the carriers as part of its efforts to resolve the lingering crisis associated with the trapped funds in the country. The President of the association, Mrs. Susan Akporiaye, […]
Travel agencies in the country have raised serious concern about foreign carriers’ upward review of exchange rates of their air fares to N551/$1 from the N444/$1 issued by the Central Bank of Nigeria (CBN) to the carriers over the past three years. The agencies pointed out that the upward review of the air travel fare […]
The International Air Transport Association (IATA) has accused Nigerian government of stalling the repatriation of $450 million in revenue by international carriers operating in the country. The association’s Vice President for Africa and the Middle East, Kamal Al Awadhi, was quoted by Reuters as describing talks with Nigerian authorities to release the funds as a […]
The International Air Transport Association (IATA) and the United Bank for Africa (UBA) Plc have announced their collaboration on a new financial settlement system for airlines and travel agencies. The new system, the New Generation of IATA Settlement Systems, is an improvement on the current billing settlement plan and a programme to deliver faster, safer […]