in Route Planning & Tourism

Emirates mulling over cutting Nigeria flights

Posted 21 October 2016 · Add Comment

Following the withdrawal of flights to Nigeria by United Airlines, other major international carriers may follow suit unless the country's financial restrictions and other cash challenges are resolved.


The president of Emirates Airline, Sir Tim Clark, warned at the IATA meeting in Dubai this week that Emirates might have to pull the plug on routes to Nigeria as well as other developing countries with volatile currency or foreign currency control.
With foreign reserves depleted due to lower oil prices, Nigeria adopted tight currency controls, making it difficult for foreign airlines to repatriate dollar profits.
 

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