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Non-implementation of customs waiver costs airlines N500bn
Three years after the Federal Government approved waivers on Customs duties for aircraft and spare parts, indigenous airlines are yet to benefit from the policy. Airline operators said that they could have saved over N500 billion if government had implanted the policy since 2012. Managing Director of Arik Air, Mr. Chris Ndule, lamented that airlines still pay 50 per cent Customs duty on spare parts. Speaking to woleshadare.net on the sideline of a seminar in…
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