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Reports say about fourteen foreign airlines have withdrawn their services from Nigeria due to low patronage and the bad economy being experienced in the country.

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These airlines, Guardian reports, are among the 50 that operated the Nigerian routes some months ago.

Spanish-owned Iberia airlines, United Airlines and Air Gambia are among other airlines which have left the country.

The airlines were also said to have lost about N64 billion in the wake of the new foreign exchange (forex) policy of the Central Bank of Nigeria (CBN).

Speaking on the issue, president of the National Association of Nigeria Travel Agencies (NANTA), Bankole Bernard, said the new forex policy and economic recession came with enormous negative effect on travel agencies and airlines.

Bernard, who spoke at the Aviation Round Table (ART) breakfast meeting held in Lagos recently, said there was fear that more airlines might quit flying the Nigerian routes, adding also that some travel agencies are already considering relocating to Ghana, where “their policies are consistent.”

He blamed the current administration for its inconsistent policy particularly on the naira devaluation, saying it accounted for the current “nightmarish” experience airlines and travel agencies are facing.

Source: Globa Village Extra

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