10 June 2016
Two international airlines – United Airlines and Iberia – are set to pull out of Nigeria as the country faces its worst economic crisis in decades.
Spanish airline, Iberia cancelled all its flights last month and the US carrier, United Airlines says it will suspend its daily service at the end of the month.
The carriers cite falling demand for flights and currency restrictions as reasons behind their decisions.
When the government introduced strict currency controls last year to make foreign reserves available for some sectors, these sectors did not include the aviation industry and Nigeria is reaping the bitter fruits of this today.
However, for now, several other international airlines – British airways and Emirates – will continue flying to Nigeria.