Forex

Forex scarcity forces operators to ‘cannibalise’ disused airplanes as carriers face existential threat

Posted on by Wole Shadare
Forex scarcity forces operators to ‘cannibalise’ disused airplanes as carriers face existential threat

Why 60% aircraft on offshore maintenance can’t return, Operators deplore spare price gouging, scarcity, travellers lament   The lack of foreign exchange for airlines to bring back their aeroplanes from maintenance overseas has put enormous pressure on the operators. Some have resorted to ‘cannibalising’ by using some parts of their unserviceable aircraft for the ones in use. Lying on the apron across many of the country’s airports are aircraft without engines and other parts which…

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IATA says Nigeria’s aviation needs help, laments access to Forex

Posted on by Wole Shadare
IATA says Nigeria’s aviation needs help, laments access to Forex

Aviation runs on dollar-Fatokun     The International Air Transport Association (IATA) has called for urgent assistance for the country’s aviation, stressing that the entire aviation value needs help to stay afloat and be profitable. This was the view of IATA’s Area Manager, West and Central Africa, Dr. Samson Fatokun when the group presented the IATA certificate of membership to United Nigeria Airlines that has been showing promise since the carrier was set up on February 12,…

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