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Aviation stuck funds in Nigeria, other African countries hit $601m

FG plans another bailout for the sector Unrepatriated funds of foreign airlines in Nigeria and 16 other African countries have been estimated at $601 million. x The stuck fund is proceeds of ticket sales made in local currency but blocked due to the non-availability of foreign exchange to recoup it. The International Air Transport Association (IATA) disclosed as it appealed to African governments to release funds and further support local carriers to increase the chances of survival amid the downtime. In a related development, the Federal Government is contemplating another batch of bailout funds for the aviation sector, after the release of N5 billion.

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Travel agencies protest COVID-19 rapid test regime at airports

Foreign airlines explain extra measures, seek cooperation Travel operators, Wednesday, kicked against the new COVID-19 antigen tests among other safety measures now imposed by some foreign airlines plying the Nigerian route. x The operators flayed the additional discomfort and extra cost imposed on the travelling public in Nigeria alone, describing them as exploitative. The airlines earlier explained that the additional test measures were due to rampant cases of fake COVID-19 test results coming from Nigeria. The Guardian reported that international carriers have begun enforcement of fresh safety protocols much to the discomfort of Nigerian travellers. The national carriers of the United Arab Emirates (UAE), and Netherlands, Emirates and KLM, respectively, have begun conducting mandatory antigen tests on Nigerian passengers, in addition to the polymerase chain reaction (PCR) test approved by the Federal Government and the global standard.

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Aviation operators fear travel ban as FG mulls lockdown

Joseph Olaoluwa Aviation experts have warned against another lockdown, following the directives made by countries of the world announcing new inte.

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Nigerian aviation in turbulent 2020 COVID-19 pandemic

The year 2020 will not be forgotten in a hurry, owing to the global disruption in all fields of human endeavour, largely because of the outbreak of the novel coronavirus, code-named as COVID-19. The aviation industry, just like every other sector of the economy in 2020, had its own share of the disruption courtesy of COVID-19. x The outbreak of the coronavirus from Wuhan, China, and its threat to lives and businesses led to the introduction of lockdowns and other stringent measures across cities of the world to curtail its spread. Nigeria, like other countries, had begun the 2020 business year on a promising note. But when in March 2020, the first confirmed case of the disease was reported, the hope of a bright economy prosperous 2020 becomes deemed.

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Nigerian Aviation in turbulent 2020 COVID-19 pandemic - National Accord Newspaper

Nigerian Aviation in turbulent 2020 COVID-19 pandemic - National Accord Newspaper
nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.

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Enugu
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