The oldest Airline with links to Nigeria, British Airways (BA), is on the verge of suspending fight operations in Nigeria following difficulty to repatriate trapped funds in Nigeria.
This means that British Airways will not be selling new tickets going forward until its impasse with regards to trapped funds is resolved.
If BA stops flying to Nigeria, it would have joined Emirates Airlines which announced this month that it will stop services to Nigeria on 1st September over its trapped funds amounting to over $85 million.
Sometime in June, it was reported that the International Air Transport Association (IATA) expressed concerns over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue running into $450 million into their respective countries.
IATA also revealed that the revenue belonging to foreign airlines in Nigeria that is being withheld from repatriation as of July 2022 is the sum of $464 million.
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