L
LequteMan
Guest
According to people in the aviation industry, year 2016 is going to be scaring for Nigerians travelling abroad.
This is because international airlines that operate to different destinations in the country plan to reduce flights to Nigeria from early 2016, Thisday reports.
The airlines are aggrieved that they cannot exchange billions of revenue in Naira in their possession to dollars and repatriate to their various countries because of the new fiscal policies of the Central Bank of Nigeria (CBN).
From March 2016, British Airways, reports say, would reduce its flights to Nigeria by bringing in aircraft with smaller capacity than the traditional Boeing 747, which operates the lucrative Lagos-London route.
Other foreign airlines are also expected to either change their aircraft type and operate ones with smaller capacity or reschedule and reduce the number of flights to Nigeria and those which have not been recording high load factor in the Nigerian route may stop flights to the country.
This development is going to cause fuel costs to sky rocket and flights out of the country will also become more difficult to get.
The International Air Transport Association (IATA), have pleaded with the Governor of CBN, Godwin Emiefele to intervene in the matter and make dollars available to the airlines.
The foreign airlines also had met with the Minister of Transportation, ChibuikeAmaechi and urged him to look into their case but nothing concrete has been done on the matter.
Nothing has been done yet, but authorities have promised to look into the matter.
This is because international airlines that operate to different destinations in the country plan to reduce flights to Nigeria from early 2016, Thisday reports.
The airlines are aggrieved that they cannot exchange billions of revenue in Naira in their possession to dollars and repatriate to their various countries because of the new fiscal policies of the Central Bank of Nigeria (CBN).
From March 2016, British Airways, reports say, would reduce its flights to Nigeria by bringing in aircraft with smaller capacity than the traditional Boeing 747, which operates the lucrative Lagos-London route.
Other foreign airlines are also expected to either change their aircraft type and operate ones with smaller capacity or reschedule and reduce the number of flights to Nigeria and those which have not been recording high load factor in the Nigerian route may stop flights to the country.
This development is going to cause fuel costs to sky rocket and flights out of the country will also become more difficult to get.
The International Air Transport Association (IATA), have pleaded with the Governor of CBN, Godwin Emiefele to intervene in the matter and make dollars available to the airlines.
The foreign airlines also had met with the Minister of Transportation, ChibuikeAmaechi and urged him to look into their case but nothing concrete has been done on the matter.
Nothing has been done yet, but authorities have promised to look into the matter.
