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Airlines

CBN to sell dollars to manufacturers, airlines, others in special auction

In order to clear the backlog of dollar obligations that businesses owe, the Central Bank of Nigeria (CBN) has asked Deposit Money Banks (DMBs) to bid in a special currency auction, forex traders disclosed. In view of this development, commercial banks are expected to submit backlog of dollar demand from fuel importers, airlines, raw-materials producers, […]

Airlines want NCAA, IATA intervention over crew poaching

ncaa

Some airlines are uncomfortable with the high rate of pilots crossing the carpet from one airline to the order, and are seeking the intervention of the Nigerian Civil Aviation Authority (NCAA) and the International Air Transport Association (IATA). The trend has been attributed to poor remuneration and appalling conditions of service, with airlines now being […]