Business

Emirates, Kenya airways to suspend flights to Abuja over Forex scarcity

Emirates, one of the biggest foreign airlines operating in Nigeria, has said it is stopping flight operations to the Nnamdi Azikiwe International Airport, Abuja with effect from October 22, 2016.

In another development, East African carrier Kenya Airways, has also announced that it will suspend flights to Abuja with effect from November 15, 2016 as part of its restructuring and loss saving efforts.

It was gathered that Emirates had since formally written the Minister of State, Aviation, Sen. Hadi Sirika over its intention to stop flight operations into Abuja following the airline’s inability to buy forex and remit its sales.

The letter was received by the Permanent Secretary, Ministry of Transportation on behalf of the Minister, Rotimi Amaechi.

According to the source, the said letter indicated 22nd October 2016 as the date Emirates would suspend the Abuja flight operations if respite did not come their way.

The source said if after weeks of the Abuja suspension, no drastic change happened, Emirates would also suspend Lagos operations indefinitely. When that occurs, Emirates would have exited the Nigerian market.

“Emirates has huge money in naira at the banks. It cannot repatriate its sales because it cannot buy dollars. This is having negative effect on their operations,” the source said.

On its part, the Kenya Airline indicated that the suspension of its Abuja flights was triggered by the dwindling traffic from Abuja to Nairobi, the airline’s operational hub.

Kenya Airways CEO Mbuvi Ngunze in a statement said the airline would, however, continue to operate its daily flight from Lagos to Nairobi.

 

Sahara Weekly

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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