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Punch Newspapers punchng.com 04 Aug, 2022 01:00 am

NCAA begins financial audit of eight domestic airlines

NCAA begins financial audit of eight domestic airlines
The  Nigerian Civil Aviation Authority announced on Wednesday that it was carrying out economic and financial audits of eight of the domestic airlines operating in the country.

4th August 2022 File Photo: Aircraft 4th August 2022 The  Nigerian Civil Aviation Authority announced on Wednesday that it was carrying out economic and financial audits of eight of the domestic airlines operating in the country.Musa Nuhu, journalists at the Murtala Muhammed Airport, Lagos, that the regulatory body was already carrying out intensive financial and economic audits on at least three other indigenous airlines, while the remaining five would be done in batches.Related News Financial crisis: NCAA audits distressed airlines NCAA grounds Dana, angry passengers vandalise airline’s counter NCAA certifies Gombe airport for Hajj operations Nuhu, however, did not mention the three airlines the regulatory agency was presently conducting economic and financial audits on.He said, “We are currently conducting financial and economic audits of airlines in the country.

Following the suspension of the operations of two airlines, Dana Air and Aero Contractors, the number of scheduled domestic operators reduced to eight from 10 less than a month ago.While Aero Contractors voluntarily suspended its operations, NCAA grounded the services of Dana Air following its alleged failure to run safe operations.

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