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Double Whammy For Airlines, Passengers Over Trapped Funds
Airlines and travelers are beginning to see the repercussion of over $450 million in carriers’ monies trapped in the country. Emirates Airlines has cut down capacity on the Nigerian route, while other carriers are likely to follow the trend. Airfares have gone up as a result of the action to keep their funds; job losses loom just as travel agents also feel the brunt, writes WOLE SHADARE Dire situation The situation is very dire…
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