Aviation
South African Airways rejects Naira for payment of tickets
South African Airways will henceforth reject Naira for payment of its flight tickets.
The airline disclosed this in a statement issued on Wednesday and addressed to its trade partners. It added that the decision would take effect immediately.
The development may not be unconnected with the $450 million belonging to some foreign carriers and trapped in the country. .
The airline hopes the decision will ensure seamless repatriation of its funds to South Africa rather than getting them trapped in Nigeria.
READ ALSO: Aviation fuel price : Airline Operators wants FG to intervene
The Southern African carrier declared that from Wednesday passengers can only issue Sold inside Ticketed inside (SITI), that is, trips emanating from Lagos-Johannesburg-Lagos tickets in naira.
In other words, payments for all tickets issued in Nigeria will be in Naira in line with the Central Bank of Nigeria (CBN) policy on purchase of flight tickets in the country.
The statement read: “Please be informed that effective from Wednesday 10th August 2022, you can ONLY issue SITI (i.e. LOS-JNB-LOS) tickets in Naira. ALL other tickets, i.e. SOTI and SOTO, have to be issued in USD.
-
Business1 week agoDangote Refinery IPO: 70% Subscription claim meets fourfold demand assertion as investors seek clarity
-
Featured4 days agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Latest6 days agoUCTH faces morgue crisis as 50 unclaimed corpses await mass burial
-
Featured4 days ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Business6 days agoBREAKING: Nigeria’s Inflation Rate Drops to 14.63% in September
-
Aviation1 week agoGermany opens online application route for student, EU Blue Card and other long-stay visas
-
Business5 days agoPresident Tinubu and the Low Transport Fares Fiasco
-
Business4 days agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party