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Emirates Airways on Thursday introduced the suspension of its flight operations in Nigeria from September 1, 2022.
It mentioned the suspension turned vital following its incapability to repatriate its funds from Nigeria.
Worldwide carriers working in Nigeria have repeatedly complained about their incapability to repatriate funds to their residence international locations.
They’ve raised this concern on many events with officers of the Federal Ministry of Aviation, in addition to these on the finance ministry.
Blocked funds belonging to those airways have risen to about $600m, as that is because of the incapability of the Central Financial institution of Nigeria to make the USA greenback obtainable for the carriers to repatriate.
In its assertion on Thursday, Emirates Airways said that it “has tried each avenue to handle our ongoing challenges in repatriating funds from Nigeria, and now we have made appreciable efforts to provoke dialogue with the related authorities for his or her pressing intervention to assist discover a viable answer.”
It added, “Regrettably there was no progress. Due to this fact, Emirates has taken the tough determination to droop all flights to and from Nigeria, efficient September 1, 2022, to restrict additional losses and impression on our operational prices that proceed to build up available in the market.
“We sincerely remorse the inconvenience brought about to our prospects, nonetheless, the circumstances are past our management at this stage. We will likely be working to assist impacted prospects make different journey preparations wherever potential.”
It, nonetheless, famous that ought to there be any optimistic developments within the coming days concerning Emirates’ blocked funds in Nigeria, the airline would, after all, re-evaluate its determination.
“We stay eager to serve Nigeria, and our operations present much-needed connectivity for Nigerian travellers, offering entry to commerce and tourism alternatives to Dubai, and to our broader community of over 130 locations,” the worldwide provider said.
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