Minister of state for Aviation

The federal government has set in motion plans to create a new national carrier with the appointment of a transaction adviser expected next week.

Figures published by the National Bureau of Statistics reveal that the aviation sector has recorded a 9% decline in terms of Airport traffic in the second quarter of 2016.

Minister of State for Aviation, Hadi Sirika, has disclosed that about N1 trillion will be need in order to revive Nigeria’s ailing aviation sector.

Emirates airlines and Kenya Airways have announced they are suspending flight operations to the Nnamdi Azikiwe International Airport, Abuja . While suspension of Emirate flights takes effect from October 22, 2016, that of Kenya Airlines would begin on November 15, 2016.

The Central Bank of Nigeria, CBN, has approved a Special Secondary Market Intervention Retail Sales, SMIS, for airlines operating in the country to enable them to access foreign exchange.

Two committees that will oversee the process to concession the nation’s major airports have been inaugurated by the federal government.