Due to its failure to repatriate around $85 million in income, Emirates Airlines has announced that it will scale back its flying operations to Nigeria. This information was provided by the airline in a letter to Hadi Sirika, the aviation minister.
Sheik Majid Al Mualla, divisional senior vice-president (DSVP), international relations for Emirates airline, signed the letter, which was dated July 22.
Emirates said that its operations in Nigeria would be scaled back beginning on August 15. The Murtala Muhammed International Airport’s flight schedule would also change from 11 to 7 flights weekly (MMIA).
Notable Quotes:
Contained in the letter:
“We have had no choice but to take this action, to mitigate the continued losses Emirates is experiencing as a result of funds being blocked in Nigeria”
“As of July 2022, Emirates has US$ 85 million of funds awaiting repatriation from Nigeria. This figure has been rising by more than $US 10 million every month, as the ongoing operational costs of our 11 weekly flights to Lagos and 5 to Abuja continue to accumulate. We simply cannot continue to operate at the current level in the face of mounting losses, especially in the challenging post-COVID-19 climate.”
