By Emmanuel Nduka
Emirates Airlines has restored its flight operations to Nigeria’s commercial capital of Lagos, the company announced in emails sent to its customers on Wednesday.
“We are pleased to inform you that effective from 11th September 2022, we will reinstate operations of our flights,” Emirates wrote.
“Inbound flights from Dubai to Lagos (EK783) and outbound flights from Lagos to Dubai (EK784) will recommence from Sunday, 11th September 2022.
“Lagos flights after 30th September 2022 will be advised in due course,” the United Arab Emirates (UAE) carrier
The reinstatement comes two weeks after flight operations were suspended by the airline, citing its inability to repatriate its earnings in foreign exchange from Nigeria.
“We have had no choice but to take this action, to mitigate the continued losses Emirates is experiencing as a result of funds being blocked in Nigeria.
“As of July 2022, Emirates has US$85 million of funds awaiting repatriation from Nigeria. This figure has been rising by more than $US10 million every month, as the ongoing operational costs of our 11 weekly flights to Lagos and 5 to Abuja continue to accumulate,” the airlines said in a letter addressed to the Minister of Aviation, Hadi Sirika.
The Emirates’ move followed concerns raised by the International Air Transportation Association (IATA) over the issue. IATA had said foreign airlines’ funds trapped in Nigeria rose from $450 million in May to $464 million in July.
While the Nigerian Government was having a forex exchange crisis and could not meet some responsibilities, including revenue repatriation by foreign airlines, it later bowed to pressure and released $265 million to the airlines.
