January 22, 2018

Latest Updates

Foreign airlines raise fares 100%, to sack 2,000

Foreign airlines raise fares 100%, to sack 2,000

Foreign exchange risk is now a major component of airfares on Nigerian routes, the country managers of top foreign airlines have revealed. Investigation revealed that the airlines operating on international routes in the country had increased airfares by as much as 100 per cent as a result of the development.

A survey of all the major Nigerian routes flown by the foreign airlines in the country showed that the cost of return tickets had been increased by between 80 per cent and 120 per cent of the previous fares, depending on the carrier, time of booking and the season. The survey cuts across Nigeria-North America routes, Nigeria-South Africa route, and Nigeria-Europe routes. Airfares on the Lagos-London, Abuja-London, Lagos-New York, Lagos-Atlanta, Lagos-Houston, and Lagos-Johannesburg routes were examined.

Meanwhile, the National Union of Air Transport Employees ,NUATE,  has revealed that  foreign airlines plan to sack about two thousand (2,000) Nigerian workers  due to what they claimed is their inability to transfer their earnings to their respective home countries to meet operational costs in accordance with international rules because of new Central Bank of Nigeria , CBN, policy on forex and fund transfer.

READ  Australian woman shot dead by US police after 911 call

In a letter addressed to the Minister of State for Aviation, Senator Hadi Sirika and made available to newsmen, Acting General Secretary of NUATE, Comrade Olayinka Abioye said the plan  has destabilize  the affected workers, adding that the Federal Government should wade in and prevent the huge job loss.  Read more

 

photo credit

Radi8
InnJoo Reborn

We think you'd love these too...

Comments

comments

Related posts

Share your thoughts.

Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *