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.
-
Business7 days agoOPay explains how Nigerians can access FG’s N50,000 monthly cash relief
-
Comments and Issues6 days ago2027 Poll and the vote peddlers of Nigeria
-
Features4 days agoHow ADC leadership crisis put Atiku’s 2027 ambition at risk
-
Energy4 days agoNNPC plans 5–10% stock market listing, targets 2027 for IPO preparations
-
Crime1 week agoNine years without answers: A wife’s fight to find her missing husband after alleged SARS arrest
-
Business5 days agoLoveWorld Expo 2026 to showcase global innovations, emerging technologies in Lagos
-
Business1 week agoMTN Nigeria CEO Karl Toriola earns R226m in five years, averages R871,000 weekly
-
Latest6 days agoEl-Rufai mobilises supporters for ADC ahead of 2027 elections