FG Mulls Debt Relief for Airlines as Fuel Crisis Bites
The Federal Government has announced plans to waive debts owed by domestic airlines to aviation agencies as part of measures to cushion the impact of the ongoing Jet A1 fuel crisis.
Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this during a high-level meeting in Abuja on Wednesday, convened to address the astronomical rise in the cost of Jet A1 fuel.
Keyamo said, “I had the privilege of meeting Mr President to brief him about the meeting, and Mr President mandated us to quickly bring a request to him. And the first request that he will consider and grant is a generous discount on the debts the airlines are owing the aviation agencies, NAMA, FAAN, NCAA,…