Aviation
Emirates airline suspends operations in Nigeria over $85m trapped funds
From September 1st, 2022, Emirates airlines will cease to operate flight operations in and out of Nigeria.
It could be recalled that Emirate airline had cut down on its weekly number of flights into Lagos from 11 to seven over US$85 million of funds awaiting repatriation from Nigeria.
The airline said the figure has been rising by more than $US10 million every month, as the ongoing operational costs of our 11 weekly flights to Lagos and 5 to Abuja continue to accumulate.
They, however, said that the trapped funds are urgently needed to meet operational costs and maintain the commercial viability of their services to Nigeria.
“We simply cannot continue to operate at the current level in the face of mounting losses, especially in the challenging post-COVID-19 climate. Emirates did try to stem the losses by proposing to pay for fuel in Nigeria in Naira, which would have at least reduced one element of our ongoing costs, however, this request was denied by the supplier,” the airline had said.
However, with no considerable improvement and headway in repatriating the trapped fund, the airline, on Thursday, announced the suspension of its operations in Nigeria indefinitely.
The statement reads, “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 1st September 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.
“We sincerely regret the inconvenience caused to our customers, however, the circumstances are beyond our control at this stage. We will be working to help impacted customers make alternative travel arrangements wherever possible.”
“Should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, we will of course re-evaluate our decision. We remain keen to serve Nigeria, and our operations provide much-needed connectivity for Nigerian travelers, providing access to trade and tourism opportunities to Dubai, and to our broader network of over 130 destinations.”
Aviation
From 6k to 50k: The economic insensitivity of arbitrary hike in parking rate at MM2
Olutayo Irantiola
Recently, the parking rate at the Multi-storey Car Park at the Murtala Muhammed Airport Terminal 2 (MMA2), operated by Bi-Courtney Aviation Services Limited (BASL) and managed by Balosh, was arbitrarily increased.
In 2021, Balosh, the company managing the toll system within the airport, was engaged by the Lagos State Government and Lagos State University Teaching Hospital (LASUTH), and it almost resorted into a crisis within the hospital premises because one would not be able to explain the rationale for having a patient in the hospital, and one would be charged for car park.Nigerians are unable to commute by road, train, or even the waterways.
Despite the rising cost of all modes of commuting, one is now confronted with an unjustified increase in airport parking rates.
With the rising cost of house rent cum accommodation in Lagos, people have moved to various suburbs of Lagos.
The rising cost of JetA1 has been attributed to the rising cost of air ticket which is almost beyond the reach of an average Nigerian; the rising cost of PMS (Petrol) at this time when Iran and US war is ongoing has made people abandoned their cars while app hailing taxi services are ‘cutting’ people’s heads off while the regular airport taxi call unfriendly rates to the already overtaxed Nigerian that has not gotten an increase in salary despite the galloping inflation.Further rationalising this increase, it seems that the airport authority is now competing with the airlines- if one can afford a N300,000 return ticket, then one can also afford a N150,000 for a three-day parking at the airport.
This is not a fair deal for Nigerian travellers who are working hard to travel by air, given the imminent fear of what could go wrong on the road.
Can one liken the increase to a collaboration between the taxi unions and the airport to rip people off of their hard-earned money?
This is another way of destroying the middle class in Nigeria. If you engage a friend, sibling or acquaintance without a license to drive your car away from the airport, and such a person runs into the VIO or FRSC, the problem becomes complicated.
It is expedient for the airport operators to devise a strategy to identify actual travellers, which should be based solely on their boarding passes and means of identification.
They can deal decisively with other vehicles parked without justification. But making the car park rate unaffordable to the common man should not be allowed to stay.
There is no moral justification for overnight parking, let alone moving from 6,000 to 50,000!
I will want to implore the Honourable Minister of Aviation and Aerospace Development of Nigeria, Mr. Festus Keyamo, SAN; Managing Director of the Federal Airports Authority of Nigeria(FAAN), Mrs Olubunmi Kuku and other government agencies to please look into the matter and reduce the hardship being experienced by Nigerian travellers who need to park at MM2.
Olutayo Irantiola is a PR Consultant and Public Affairs analyst based in Lagos, Nigeria
Aviation
FAAN resumes toll collection at Airports, adopts hybrid payment method
Aviation
Tension de-escalates at Lagos Airport as FAAN, Cargo agents reach truce over new tariff
-
Headlines3 months agoFIFA sends Nigeria’s Super Eagles to 2026 World Cup, awards boardroom scoreline of 3 goals to nil against DR Congo
-
Aviation3 months agoWhy we increased cargo tariff at Airports– FAAN
-
Aviation3 months agoTension de-escalates at Lagos Airport as FAAN, Cargo agents reach truce over new tariff
-
Aviation3 months agoFreight forwarders warn FAAN’s new charges regime could cripple airport operations
-
Aviation3 months agoFAAN, freight forwarders in stand- off over new tariff regime at Lagos Airport
-
Business3 months agoNational Single Window goes live in March, 2026
