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Will Smith makes first red carpet appearance after slapping comedian, Chris Rock

Published

4 years ago

on

December 1, 2022

By

Feyijimi Emmanuel

Actor, Will Smith, on Wednesday, walked his first red carpet after the now infamous slap he landed on comedian, Chris Rock, at this year’s Oscars.

For the event, which was the premiere of his new movie, Emancipation, in Los Angeles, the actor was joined by his family including his wife, Jada Pinkett Smith, their children Jaden and Willow, as well as his son Trey from his relationship with ex Sheree Zampino, reports Metro UK.

The King Richard Oscar-winner stunned the world by slapping Rock at the Academy Awards after a joke about his wife Jada.

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Airlines such as Air Peace, Ibom Air, and United Nigeria Airlines are subject to a range of compulsory charges, including the 5% ticket levy, passenger service charges, value-added tax on tickets and aviation inputs, and other operational deductions collected at different stages of the value chain. Industry players argue that the system creates cash flow distortions because several charges are collected upfront or deducted at source, leaving airlines with reduced working capital for day-to-day operations. Beyond ticket-based deductions, carriers also face landing fees, parking charges, overflight fees, navigation levies, and ground handling costs. Combined with jet fuel, which accounts for a significant share of total operating expenses, analysts say profitability on many domestic routes has been severely constrained. 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As a result, airlines are frequently forced into short-term leasing agreements, exposing them to exchange-rate fluctuations and operational disruptions that contribute to flight delays and cancellations. Fuel Costs Deepen Financial Strain Jet A1 fuel remains one of the largest cost drivers in the sector, further squeezing margins across domestic routes. With fuel expenses, taxes, and leasing obligations combined, industry analysts say many airlines are operating with extremely narrow or unstable margins. Operators warn that without coordinated policy reforms, sustained profitability and expansion in the sector will remain difficult. Calls for Structural Reform Aviation stakeholders are calling on the federal government to streamline overlapping charges, review the newly introduced 5% levy, and consider removing VAT on aviation inputs to ease cost pressures. 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