Tinubu's Support Crucial for Nigeria's Airlines, Says Onyema
Dr. Allen Onyema, the Chairman and CEO of Air Peace Limited and Vice President of Airline Operators of Nigeria, addressed the 30th annual conference of the League of Airport and Aviation Correspondents (LAAC) in Lagos. He expressed optimism that President Bola Ahmed Tinubu's intervention could alleviate the financial challenges faced by Nigerian airlines, particularly concerning the 5% Ticket Sales Charge (TSC).
Onyema criticized the current tax system, advocating for a fixed flat rate on ticket sales to ease the financial burden on airlines. He recalled how President Tinubu swiftly waived a 4% Free on Board (FOB) levy imposed by the Nigeria Customs Service after being informed of its detrimental impact on airline viability.
Onyema emphasized that a meeting with President Tinubu could lead to significant improvements in the airline industry, as the President is committed to supporting indigenous businesses that provide employment.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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