Foreign Airlines To Begin Selling Tickets To Nigerians In US Dollars

Some foreign airlines operating in Nigeria say they will begin the sale of tickets in US dollars amid the worsening shortage of foreign exchange in the country.

Foreign Airlines In Nigeria To Sale Tickets In US dollars

It was gathered on Wednesday that international airlines on APG Interline Electronic Ticketing (IET) GP code 275 would start issuing tickets in dollars, effective April 19, 2022.

APG is the world’s largest passenger and ​cargo general sales agent (GSA) and airline representation company with offices around the world, including Europe, Africa and the Middle East.

In an advisory to its travel partners, titled: “APG IET: Restrictions of Sales in US dollars”, the agency said the difficulty in repatriating airlines’ funds stuck in Nigeria and other countries, coupled with foreign exchange fluctuation, is responsible for the new policy.

The advisory reads, “Dear travel partners, warm greetings from APG. This is to bring to your notice that with effect from April 19, 2022, GP would only accept issuing of tickets in US dollars and not naira.

“This is mainly due to repatriation issues and the forex situation in the country. This would most likely be a temporary measure till the forex situation improves.

“Our sincere apologies for any inconveniences this may cause to you and your business. Thank you for understanding.”

Airlines on the APG IET platform include South African Airways, Fly Dubai, Kenya Airways, Middle East Airlines, Royal Air Maroc, Rwandair, Thai Airways, Turkish Airlines, FrenchBee, EgyptAir, ASKY, Air Seychelles, Air Algerie and Air Namibia.

Air Panama, Air Burkina, Avianca, Bangkok Airways, Cabo Verde Airlines, Fiji Airways, Hong Kong Airlines, Malaysian Air, alongside other carriers, also use the platform.

Some of these airlines which fly directly into Nigeria are South Africa Airways, Turkish Airlines, Asky Airlines, Egypt Air, Royal Air Maroc, Middle East Airlines, Rwanda Air and Kenya Airways.

The Minister of Aviation, Hadi Sirika, had recently disclosed that Nigeria currently holds $283 million of foreign airlines’ funds.

Sirika asked the Federal Government to facilitate the repatriation of ticket sales proceeds which is trapped in Nigeria due to the forex crisis.

In line with the Bilateral Air Service Agreements (BASAs) with countries, airline tickets are mostly sold in naira, while the airlines would repatriate the funds in dollars through the country’s central bank.

Sirika said, “Aviation business suffers from issues of foreign exchange by local and foreign airlines and their inability to repatriate blocked funds.

“Nigeria currently holds $283m worth of foreign airlines fund in the country. I humbly ask for the support of the Central Bank of Nigeria through the directives of President Muhammadu Buhari to aid access of both local and foreign airlines to foreign exchange.”

KanyiDaily recalls that Nigerian airlines had also announced that their flight operations may be disrupted due to the prolonged scarcity of aviation fuel in the country.