NigeriaEmirates Begins Nigerian Routes Suspension

Emirates Begins Nigerian Routes Suspension

-

- Advertisment -spot_img
Everything on JUMIA

Emirates Airlines, the United Arab Emirates (UAE) carrier, begins the suspension of flight to Nigerian routes today September 1, 2022, owing to its trapped funds, which is estimated to be around $85 million.

Emirates Suspends Flights To Nigeria Over $600m Trapped Fund

However, it said in an email directed to travel agencies in Nigeria that it would return to the Nigerian routes, Lagos and Abuja on September 11, 2022.

Flash Sales

The suspension window is estimated to be ten days. The decision to suspend Nigerian routes was coming less than a week the Federal Government through the Central Bank of Nigeria (CBN) released the sum of $265 million to foreign airlines in the country to settle outstanding ticket sales out of the $464 million owed them.

It would be recalled that Emirates had on August 18, 2022, announced the plan to suspend all flights from Nigeria effective September 1, 2022, due to what it called the challenges in repatriating its funds.

The airline had earlier in July, cut its weekly frequencies to Lagos from 11 to seven, while its three weekly flights to Abuja remained.

In a statement it forwarded to Tits clients in Nigeria, the airline had said no progress had been made in getting its funds out of Nigeria, hence the decision.

Read Also20-year-old Gunman kills 2 At Oregon Grocery Store

The statement read, “Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria, and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution.

“Regrettably, there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective 1 September 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.”

The airline apologised to its customers, noting that the situation was beyond its control and promised to help affected customers make alternative travel arrangements wherever possible.

Read Also: One dead, 7 Others Trapped As Kano Building Collapses

A letter earlier addressed to the Minister of Aviation, Hadi Sirika, Emirates stated; “As of July 2022, Emirates has $85 million of funds awaiting repatriation from Nigeria. This figure has been rising by more than $10 million every month as the ongoing operational costs of our 11 weekly flights to Lagos and 5 to Abuja continue to accumulate.”

It was gathered that the funds were beginning to affect the carrier’s operating costs, as well as its commercial viability.

newswebbs
newswebbshttps://newswebbs.com
New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

CBN Releases More Naira, Directs Banks To Open On Weekends

Abuja, Nigeria - The Central Bank of Nigeria (CBN) has released more naira notes to commercial banks and directed...

Bauchi : 25 People Killed In Auto Crash

Bauchi, Nigeria - Twenty-five (25) people have died in a lone auto crash that happened at Udobo village in...

Italian Coast Guard Rescues Over 700 Illegal Migrants

The Italian coast guard has rescued more than seven hundred (700) illegal migrants off the coast of Tunisia in...

World Athletics Bans Transgender Female Athletics

As it stands, transgender women will no longer be allowed to compete in female track and field events regardless...
- Advertisement -spot_imgspot_img

Mother Of Shot Student By Police Seeks Justice

KENYA - The mother of a Maseno University student who was shot dead on Monday by police officers in...

Bigi Refreshes Consumers To Mark World Water Day

Lagos, Nigeria - Rite Foods' Bigi Premium Water has joined other global brands to mark World Water Day as...

Must read

37 African Countries Face Health Worker Shortage – WHO

Out of fifty-five (55) countries facing serious health worker...

IWD 2023: KloverHarris Harps On Innovative Technology In Promoting Gender Equality

Lagos, Nigeria - KloverHarris Limited, in celebration of International...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More