Finchglow's Bankole Bernard Defends 5% Ticket Charge

Bankole Bernard, the Group Managing Director of Finchglow Holdings, defended the five percent Ticket Sales Charge (TSC) at a press briefing held at the Lagos Aviation Academy in Ikeja. He stated that airlines withholding the TSC are not facing genuine financial difficulties but rather an "integrity issue," as the funds are already collected from passengers.

Bernard explained the reconciliation of airline revenue through the International Air Transport Association (IATA) and its Billing and Settlement Plan (BSP). He noted that the dispute is not about TSC collected through BSP but about charges airlines collect directly outside the platform, which some carriers are reluctant to remit due to legacy debts.

Bernard urged airlines to address excessive charges through proper channels instead of withholding TSC. He also discussed the need for a centralized passenger data system among aviation agencies to enhance transparency.

Finchglow Holdings is celebrating its 20th anniversary and plans to establish a flying school in Ogun State.