{"id":97672,"date":"2022-08-04T08:20:18","date_gmt":"2022-08-04T07:20:18","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=97672"},"modified":"2022-08-04T08:20:18","modified_gmt":"2022-08-04T07:20:18","slug":"ncaa-begins-economic-financial-audit-of-8-domestic-airlines","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/ncaa-begins-economic-financial-audit-of-8-domestic-airlines\/","title":{"rendered":"NCAA Begins Economic, Financial Audit Of 8 Domestic Airlines"},"content":{"rendered":"<p>The Nigerian Civil Aviation Authority (NCAA) says it is carrying out economic and financial audits of the remaining eight domestic airlines in the country.<\/p>\n<p>Capt. Musa Nuhu, the Director-General, NCAA, during an interview with journalists in Lagos, said that the aim was to determine the health conditions of the airlines.<\/p>\n<p>\u201dWhile Aero Contractors voluntarily suspended its operations, NCAA grounded the services of Dana Air following its alleged failure to run safe operations.<\/p>\n<p>&#8221; The remaining eight scheduled airlines are Air Peace, Arik Air, Max Air, Green Africa, United Nigeria, Overland, Azman Air and Ibom Air,\u201d he said.<\/p>\n<p>The NCAA boss decried the current difficult operating environment for operators which was further escalated by the scarcity of foreign exchange and high price of Jet A1.<\/p>\n<p>He, however, said that NCAA would not relegate safety to the background.<\/p>\n<p>He said: \u201cWe are currently conducting financial and economic audits of airlines in the country. We have done two or three and other airlines will be taken in batches. I will discuss with the airline\u2019s management on the way forward.<\/p>\n<p>\u201cLike I said, we have a financial crisis and we don\u2019t want it to cross over into a safety crisis. We need to manage the situation.<\/p>\n<p>\u201cFor now, we remain focused while working to address the solution to the financial difficulties in the airlines. This cannot go on forever. So, we are working round-the-clock to find a solution.<\/p>\n<p>\u201cYes, it is a very difficult situation, but we are just going to do what we are doing. We are working together and collaborating with others to address the situation in the industry.<\/p>\n<p>The director-general said that NCAA was doing its best to keep the industry safe.<\/p>\n<p>\u201dSafety is paramount to us. Anything that affects safety will not be compromised whatsoever. It is better for the airlines to be shut down than to have a major incident,\u201d he said<\/p>\n<p>On Dana\u2019s suspension of operations, Nuhu said that following the financial and economic audit of the airline, the NCAA discovered some \u201cgrave concerns\u201d in the operations of the airline that could affect safety.<\/p>\n<p>He, however, said that the audit of the airline was still ongoing, adding that the agency would give the airline a clear chance to resolve whatever issue it was having.<\/p>\n<p>He added that what NCAA officials found out was of grave concern to them.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Nigerian Civil Aviation Authority (NCAA) says it is carrying out economic and financial audits of the remaining eight domestic airlines in the country. Capt. Musa Nuhu, the Director-General, NCAA,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":50880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-97672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NCAA Begins Economic, Financial Audit Of 8 Domestic Airlines - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/ncaa-begins-economic-financial-audit-of-8-domestic-airlines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NCAA Begins Economic, Financial Audit Of 8 Domestic Airlines - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Civil Aviation Authority (NCAA) says it is carrying out economic and financial audits of the remaining eight domestic airlines in the country. 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