Emirates airline has said that from September 1, 2022, it would suspend flights from Nigeria over its failure to repatriate money made from ticket sales still trapped in Nigeria.
In a statement on Thursday, the United Arab Emirates’ carrier said that it would suspend flights from Nigeria effective September 1, 2022 citing the millions of dollars belonging to over 20 foreign airlines trapped in Nigeria since the beginning of the year.
It is estimated that about $600 million funds belonging to foreign airlines is now trapped in Nigerian since the beginning of the year, with the airline cutting its 11 weekly frequencies to into Lagos Airport to seven, but is further being compelled to suspend all flights into the country.
“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 September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.