₦airaland Forum

Reports in the aviation sector says United Airlines, a Chicago-based American airline, is pulling out of Nigeria over difficulty in recovering monies made from tickets sales, due to Nigeria’s foreign exchange policy.

Repatriation has been a significant issue, as has been the downturn in the energy sector, the daily route from Houston to Lagos had underachieved for years but was kept alive because of its importance to Texas-based customers", says a United Airlines spokesman, Jonathan Guerin.

The last flight will be June 30, after which Delta Air Lines Inc. will be the only major US carrier flying to Africa.

Read more» » http://www.draynehub.com/en/united-airlines-shutting-services-nigeria-due-fx-policy/

How Zombies will respond to this.
'Let them go,it will give room for honest indigenous airlines'

How many more foreign invested companies will Nigeria have to lose in the name of foreign exchange policy?

They were never really based in Nigeria, so no big deal. They just wanna stop their flights to Lagos... we don't really need companies that just wanna cash out, we need investors....

phveektor:
How many more foreign invested companies will Nigeria have to lose in the name of foreign exchange policy?

I wonder why it taking the Government so long to realize that their Forex Policy is doing more Harm than Good. Iberia has left and now, United. Who’s next?