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Tag: IATA

Aviation featured

Reps seek lower flight prices for holidays

The request by the House of Representatives to foreign airlines to reopen cheaper layers of fares for the Nigerian market while trapped funds are resolved has gone unanswered, much to the chagrin of international travellers this holiday season. Even so, an increasing number of airlines are only offering premium fares to inbound tourists. Premiums in […]

IATA welcomes CBN's release of $265m to airlines
Aviation

IATA welcomes CBN’s release of $265m to airlines

The International Air Transport Association hailed the Central Bank of Nigeria for releasing 43% of trapped funds to international airlines. AM Business had reported that CBN last weekend released $265million, being part of the over $464 million belonging to the foreign airlines. Foreign airlines collect Naira for their tickets from customers and exchange the same […]

IATA welcomes CBN's release of $265m to airlines
Aviation

5G networks may meddle with aircraft landing – IATA

As the Nigerian Communications Commission and telecoms giants prepare for the launch of the 5G spectrum in August, the International Air Transport Association has warned that there may be disruptions to aircraft landing. IATA urged the Federal Government of Nigeria and the governments of other countries to work closely with the aviation industry to ensure […]

IATA welcomes CBN's release of $265m to airlines
Aviation

Foreign airlines kick as FG blocks $450m ticket revenue

The International Air Transport Association has expressed concern over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue running to $450m (N188.6bn) into their respective countries. IATA, the Geneva-based trade body representing over 200 international carriers, spoke at a press briefing marking the opening of its 78thn […]

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