NCAA (Nigerian Civil Aviation Authority)
Allen Onyema, the CEO of Air Peace, said that the airline is open to expanding from the seven daily flights it now runs from Nigeria to Gatwick Airport.
Travel costs from Nigeria to other countries have dramatically dropped as a result of the strengthening naira and competition from Air Peace's Lagos-London route.
Foreign airlines have reportedly unlocked low-ticket sales following the clearance of the forex backlog by the Central Bank of Nigeria (CBN) recently.
Despite the recent more than 50% fall in ticket prices, experts and stakeholders have forecast that international airfares will continue to decline.
For the past two years, the cost of aviation fuel has been rising significantly, which has forced airlines to raise ticket rates in order to enhance their operations
Ugandan Airlines will soon begin direct flights to Abuja as the country seeks to increase it bilateral relationship with Nigeria to promote trade and commerce.
There has been a substantial decrease in the cost of foreign airline tickets as return economy class ticket went from N4 million to N1.5 million.
Foreign airlines explained that their repatriate trapped funds from the sale of plane ticket remains unattended because they cannot exchange FX at I and E window.
The continuous rise in airfares has resulted in a dramatic decrease in the number of travelers arriving at and departing airport terminals across Nigeria
NCAA (Nigerian Civil Aviation Authority)
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