- A new update has been released from the Airline ticketing platform on its plans to stop accepting Naira
- On Wednesday, it was announced that foreign Airlines will from April 19 only accept dollars for Nigerians looking to leave Nigeria
- After outrage, from Nigerians, the airlines have provided a new update, apologising and explaining why the earlier decision was necessary
APG Interline Electronic Ticketing Agreements (IET) has recalled and cancelled the notice it made to its trade partners to issue air tickets in the United States Dollars (USD).
The announcement that tickets will be issued in US dollars generated outrage across the industry.
The new statement
In a fresh notice issued to its trade partners, on Thursday, 14 April, APG declared:
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“This serves to recall and cancel the notice we sent out yesterday, the 13th April 2022. Kindly disregard the said notice. Sales will be continued in the Nigerian Naira. We regret any confusion the earlier notice may have caused.”
The group attributed its decision to the difficulty many foreign carriers were facing in repatriating their funds running to N117.6 billion trapped in Nigeria and other countries coupled with scarcity and unstable forex, News Telegraph reports.
Airlines that would have been affected
South African Airways, South African Airways, Fly Dubai, Kenya Airways, Middle East Airlines, Royal Air Maroc, Rwanda Air, Thai Airways, Turkish Airlines, French Bee, Egypt Air, ASKY, Air Seychelles, Air Algerie, and Air Namibia are among the notable airlines on the APG IET platforms.
Other airlines include Air Panama, Air Burkina Faso, Avianca, Bangkok Airways, Cabo Verde Airlines, Fiji Airways, Hong Kong Airlines, and Malaysian Air.
Government begins investigation on fare hike by Nigerian Airlines for Domestic Travels, Orders Reversal
Babatunde Irukera, the Executive Vice Chairman/Chief Executive, of the Federal Competition and Consumer Protection Commission(FCCPC ), gave the order revealing that the airlines' operators might have together agreed on airfares hike in a meeting at Abuja.
According to him, it is wrong for competitors to come together and agree to fix a price, the Punch reports.