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Tag: Harold Demuren

Local airlines’ debt burden hits N22b

Local airlines’ debt burden hits N22b

Aviation
• Stakeholders kick over credits, unremitted charges  Minister of Aviation, Hadi Sirika, yesterday, disclosed that the local airlines’ total debt burden to regulatory agencies stood at N22 billion. A breakdown showed the sum of N19.37 billion and $6,993,284 million (N2.7 billion) as unremitted Ticket Sales Charge (TSC), and Cargo Sales Charge (CSC) collected on behalf of the Nigeria Civil Aviation Authority (NCAA) and its sister agencies. The minister voiced out at the on-going three-day public hearing on new aviation bills at the National Assembly, following an appeal by the Airlines Operators of Nigeria (AON) that the mandatory five per cent TSC and CSC should be scrapped or reduced to support the operating airlines. Counsel to the AON, Chinasa Unaegbulam, had urged the...