…..as Emirates plan exit
The International Air Transport Association, IATA, is unhappy with the failure of foreign airlines operating into Nigeria to repatriate their funds.
It says, warnings to Nigeria that airlines may withdraw their services to Nigeria has come true with the planned suspension of flights to Nigeria by Emirates Airlines.
Kamil Alawadhi, IATA’s Regional Vice President for Africa and the Middle East in a statement says, “IATA is disappointed that the amount of airline money blocked from repatriation by the Nigerian government grew to $464 million in July.
“This is airline money and its repatriation is protected by international agreements in which Nigeria participates”.
Kamil notes that, ” IATA’s many warnings that failure to restore timely repatriation will hurt Nigeria with reduced air connectivity are proving true with the withdrawal of Emirates from the market.
“Airlines cannot be expected to fly if they cannot realize the revenue from ticket sales. Loss of air connectivity harms the local economy, hurts investor confidence, impacts jobs and peoples livelihoods”.
“It’s time for the Government of Nigeria to prioritize the release of airline funds before more damage is done.”
