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‘Nigerian Airlines Face Worsening Access To Forex’
New entrants, competition forcing down fares The Managing Director of Aero Contractors, Capt. Abdullahi Mahmood, has attributed the high cost of air fares to the difficulty in accessing foreign exchange from the Central Bank of Nigeria (CBN) as virtually all the airlines have resorted to the parallel market to meet high cost of operations, including importation of aircraft spare parts. Mahmood told Aviation Metric on the sidelines of a press briefing to announce the commencement…
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