Emirate Airlines is planning to reduce her operations in Nigeria. This is sequel to the company’s inability to remit about $ US 85 million revenue from Nigeria.
In a letter signed by the company’s divisional senior vice president, international affairs, Sheik Majid Al Mualla. The airline said “that the company planned to reduce her operations in Nigeria to take effect from August 15 2022. Consequently flights would reduce from 11 to 7 per week at the Murtala Mohammed international Airport.”
The letter said that ” we have had no choice but to take this action to migrate from the continued losses Emirates is experiencing as a result of funds being blocked in Nigeria. Thus “as at July 2022 Emirates has $ US 85 million funds awaiting repatriation from Nigeria. The figure has been increasing by $ US 10 million every month.
The letter added that they made efforts and met the deputy Governor of the Central Bank as well as held a meeting with their bankers in Nigeria but these have not improved the situation.
Equally the company Said that ” she tried to pay for fuel in naira which would have reduced our costs but the supplier turned this down.
The letter concluded that ” we are confident that your valuable involvement would make a real difference in improving this very difficult situation and should there be any positive development in the coming days, we will of course , re-evaluate the decision.