Nigerian Gov’t To Lose Revenue To Dana Air Suspension, Aero Contractors Flight Withdrawal

July 27, 2022
Buhari To Be Buried Tuesday 
FILE PHOTO: Nigerian President Muhammadu Buhari speaks during a news conference after a meeting with his South African counterpart Cyril Ramaphosa, in Pretoria, South Africa, October 3, 2019. REUTERS/Siphiwe Sibeko//File Photo - RC2O5M9QBQHV

The acting Managing Director of Nigerian Airspace Managing Agency (NAMA), Mathew Pwajok, has disclosed that the revenue of the Federal Government will decline due to challenge faced by Dana Air and Aero Contractors.

Pwajok explained that reduction in number of flights will cut NAMA’s revenue, and if more airlines withdraw their passenger flights, NAMA’s services will no longer be needed.

Join our WhatsApp Channel

His statement comes amid suspension of Dana Air after the airline made an emergency landing following engine fault. The company was also said to have financial problem.

Aero Contractors had also halted its passenger flights due to inability to fund its aircraft maintenance. The airline plans to focus on its charter and helicopter services going forward.

Pwajok in a report by NAN on Tuesday, said, “In the absence of airlines, there is no airspace management agency. We will not have anything to manage. So, it is of concern to us to ensure that the airlines are operating.

“That is why we go about deploying latest facilities to upgrade our facilities to provide the service that is safe, secure, economical and efficient, and cost-effective to the airlines.

“That is to ensure that the airlines are doing well and stay in business and also keep us in business. We don’t have business if there are no airlines to manage.” Pwajok said.

Meanwhile, Dana Air is going to undergo regulatory audit by Nigerian Civil Aviation Authority (NCAA) to determine if it will lift the suspension or remain suspended until further notice.

This was made known by James Odaudu, the Special Assistant to the Minister of Aviation on public affairs, Hadi Sirika. He said, “If at the end of the process, the airline is found to be healthy, its services will resume.”

+ posts

Featured Stories

Latest from Business

Naira and dollar exchange

Dollar Exchanges At N1,423/$1 In Official Market

At the end of trading on Wednesday, January 21, the naira depreciated by 0.21 percent, leading to the foreign exchange rate for the dollar rising to N1,423 per $1 in the Nigerian foreign exchange market (NFEM). The foreign exchange rate for the
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

RT Briscoe Tops NGX Gainers’ List, Champion Brew Among Losers

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, reached N106.44 trillion on Wednesday, January 21. According to data from the NGX, the stock market’s capitalisation jumped by N6.87 billion from the N106.43 trillion reported on Tuesday,
Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

These Three Cement Stocks Earned Investors N6.13trn In 12 months

Investing in some Nigerian cement stocks benefited Nigerians in 2025, as BUA Cement, Lafarge Africa and Dangote Cement shareholders recorded two-digit growth in their investments, according to Prime Business Africa’s analysis. Between January and December, individuals and institutions that held shares of
“We Are Working Towards Credible Elections” – Buhari To Liberia’s George Weah
Previous Story

“We Are Working Towards Credible Elections” – Buhari To Liberia’s George Weah

New Report Explains Food Inflation Using Pot Of Jollof Rice
Next Story

New Report Explains Food Inflation Using Pot Of Jollof Rice

Don't Miss

Football Transfer News: Man United Signs Mason Mount From Chelsea For £60m

Manchester United on Wednesday completed the signing of England international
World Bank Boosts Climate and Community Resilience in the Senegal River Valley

World Bank Boosts Climate and Community Resilience in the Senegal River Valley

Washington, USA, 14 February 2024, /African Media Agency/- The World Bank