FG should write off airlines’ legacy debts – Ex-NANTA President
The Federal Government has been urged to write off the legacy debts owed by Nigerian airlines even as he called for financial discipline among domestic airlines. The call is coming amidst the recent row over the five per cent ticket sale charge (TSC) between the airlines and the Nigeria Civil Aviation Authority (NCAA). Former President […]
Former NANTA President and Finchglow Holdings Limited CEO, Mr. Bernard Bankole, has urged the Federal Government to write off the legacy debts owed by Nigerian airlines. Speaking to journalists, Bankole advocated for financial discipline among domestic airlines, warning that pursuing old debts could hinder their survival and safety.
The call came amid a recent dispute over a five percent ticket sale charge (TSC) between airlines and the Nigeria Civil Aviation Authority (NCAA). Bankole also called for stronger financial oversight of airlines, suggesting that regulators should enforce existing rules and be held accountable. He proposed the establishment of a central aviation data system to eliminate discrepancies among industry regulators and reduce opportunities for fraud.
Furthermore, Bankole highlighted the need for greater automation in the aviation industry to increase local capacity for pilot training and reduce the cost and difficulty associated with aviation training.
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