Nigerian Govt considers seat-for-debt arrangement to settle domestic airlines’ debts

Indications person emerged that the Federal Government is considering a caller seat-for-debt statement to code outstanding debts owed by home airlines to aviation agencies.

A elder root successful the Ministry of Aviation and Aerospace Development disclosed that nether the projected framework, airlines could allocate tickets successful spot of currency payments to aviation agencies, including Nigeria Civil Aviation Authority, NCAA, Nigerian Airspace Management Agency, NAMA and Federal Airports Authority of Nigeria, FAAN, towards settling their indebtedness obligations.

It is expected that the statement would supply the authorities with a continuous debt-recovery mechanics portion allowing airlines to sphere currency for captious operations.

The root noted that the connection is being considered arsenic an alternate to assertive enforcement measures that could disrupt hose services.

Further consultations are expected to find the participating airlines, eligible debts, allocation arrangements and the anticipation of commencing with ...