Following the non-repatriation of its $85 million funds from Nigeria, Emirates Airline says it will suspend flight operations in and out of the country.
The airline had announced few weeks ago that its trapped ticket sales fund had been trapped in Nigeria and could not repatriate it to the United Arab Emirates (UAE).
Persecondnews reports that the airline in a statement on Thursday said that it would suspend flights from Nigeria effective September 1, 2022.
At least, $600 million belonging to 20 foreign airlines has been blocked in Nigeria since the beginning of the year as a result of foreign exchange crisis.
Emirates had about two weeks ago said that out of the funds, about $85 million belongs to it.
The airline had on Monday cut its 11 weekly frequencies into Lagos Airport to just seven.
A statement by the media consultant to the airline in Nigeria alleged that all efforts to repatriate the funds had been unsuccessful and it was compelled to take the decision of suspending all flights into the country.
”Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria, and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution.
”Regrettably, there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.
”We sincerely regret the inconvenience caused to our customers, however the circumstances are beyond our control at this stage. We will be working to help impacted customers make alternative travel arrangements wherever possible.
”Should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, we will of course re-evaluate our decision.
“We remain keen to serve Nigeria, and our operations provide much needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai and to our broader network of over 130 destinations,”‘ the airline said.
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