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Nigeria Airways Is Bankrupt  
User currently offline777ER From New Zealand, joined Dec 2003, 12082 posts, RR: 18
Posted (10 years 3 weeks 2 days 21 hours ago) and read 2258 times:
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A Court has ordered Nigeria Airways into liquidation. The airline owed N54.241 billion.
http://www.thisdayonline.com/news/20040710news02.html

12 replies: All unread, jump to last
 
User currently offlineSoups From Ghana, joined Jun 2004, 3438 posts, RR: 14
Reply 1, posted (10 years 3 weeks 2 days 21 hours ago) and read 2243 times:

i will have to say FINALLY for that WT is an airline that rarely fles and it it does their flights are almost cancelled or delayed of a minimum of 12 hours


Next destinations, Suarabaya, beirut, paris, Accra
User currently offlineEurostarVA From Bahrain, joined May 2002, 1296 posts, RR: 7
Reply 2, posted (10 years 3 weeks 2 days 19 hours ago) and read 2175 times:

This is not news as the airline ceased operations months ago (stopping their erratic domestic flights with their sole 737-200 at the time).

The nigerian government has floated many ideas about creating a new national airline, and has failed in every attempt to produce something tangible, always going in circles with new investors, ditched plans and hair-raising beauraucratic problems.... good luck finding investors now after 3 failed attempts (with SAA being the last, genuine airline to have bid, won and then simply thrown out only because SAA refused to grant nigerian investors 10% stake in SAA in return for SAA's investment in Nigerian Eagle Airlines. Wasnt this an exercise to sell NEA and not SAA?!?!?! typical Nigerian politics hampering development and progress).




If there is a will, there is a way
User currently offlineSoups From Ghana, joined Jun 2004, 3438 posts, RR: 14
Reply 3, posted (10 years 3 weeks 2 days 18 hours ago) and read 2150 times:

anybody knows when was WT last flight (international) i know they served LHR JFK DXB JNB


Next destinations, Suarabaya, beirut, paris, Accra
User currently offlineJasepl From India, joined Jul 2004, 3582 posts, RR: 39
Reply 4, posted (10 years 3 weeks 2 days 18 hours ago) and read 2130 times:

Apparently, its not just politics. Seems that Nigerians just don't like to fly a local airline.

User currently offlineSoups From Ghana, joined Jun 2004, 3438 posts, RR: 14
Reply 5, posted (10 years 3 weeks 2 days 18 hours ago) and read 2127 times:

they dont like to fly their national airline caue they arrive 4 days later


Next destinations, Suarabaya, beirut, paris, Accra
User currently offlineJasepl From India, joined Jul 2004, 3582 posts, RR: 39
Reply 6, posted (10 years 3 weeks 2 days 17 hours ago) and read 2112 times:

Soups... Ha ha! If they arrive at all, that is!

Cheers,

Jason


User currently offlineJasepl From India, joined Jul 2004, 3582 posts, RR: 39
Reply 7, posted (10 years 3 weeks 2 days 17 hours ago) and read 2099 times:

Just wondering, do they have recourse to public money à la United etc? Not that I'm saying UA's a basket case like WT, but...

User currently offline5NEOO From Nigeria, joined Nov 2003, 210 posts, RR: 0
Reply 8, posted (10 years 3 weeks 2 days 17 hours ago) and read 2088 times:

Apparently, its not just politics. Seems that Nigerians just don't like to fly a local airline.

Not exactly true. We have a wide option of local carriers that we patronise on the domestic front. Unfortunately for us, the government has refused to allow them service PRIME international routes, only relegating them to the likes of Freetown, Monrovia and other "on the edge of disintegration" nations.






Admit it, you could care less about the continent Africa!
User currently offlineAF022 From France, joined Dec 2003, 2150 posts, RR: 1
Reply 9, posted (10 years 3 weeks 2 days 17 hours ago) and read 2070 times:

what is the word on SAA's investment in Nigerian Eagle? I heard it was on the ropes? just rumour?

User currently offlineJasepl From India, joined Jul 2004, 3582 posts, RR: 39
Reply 10, posted (10 years 3 weeks 2 days 17 hours ago) and read 2060 times:

for us, the government has refused to allow them service PRIME international routes

Eyitayo,

What's up with governments anyway? The Nigerian one won't let WT fly anywhere it can make money. The Indian one won't let anyone but AI fly anywhere money's to be made. This whole miasma of government interference where its just not needed is really sad. Its as if they haven't anything else to do.


User currently offlineSoups From Ghana, joined Jun 2004, 3438 posts, RR: 14
Reply 11, posted (10 years 3 weeks 2 days 15 hours ago) and read 2028 times:

WT can make a fortune all airlines rervice nigeria are making huge profits, hope GH doenst follow WT as its starting to make a bit of p[rogress now


Next destinations, Suarabaya, beirut, paris, Accra
User currently offlineEurostarVA From Bahrain, joined May 2002, 1296 posts, RR: 7
Reply 12, posted (10 years 3 weeks 13 hours ago) and read 1890 times:

Oh yes, and finally, this disgrace of an airline is being liquidated.

The SAA bid was thrown out. Simple. Reason: SAA inability to sell 10% of its shares to Nigerian investors as a reciprocity condition imposed by the Nigerian Government "in the spirit of NEPAD (African Cooperation agreement).
SAA's clear position position on this is that it is a Government-owned airline through Transnet and as such, cannot decide or modify its ownership structure before a decision on privatization. The Nigerians of course knew this but were desperate to find an excuse out of what was almost a done deal.

My own theory on this is that the Nigerian president Olusegun Obasanjo got frustrated at South Africans in general after he was insulted during a South African live radio talkshow (Someone called in to ask him if he smuggled some dope from Nigeria).
This, coupled with another theory of mine that Obasanjo was lured by Richard Branson's offer to set up a new national airline QUICKLY And this my friends will be confirmed tomorrow (check the Nigerian dailies tomorrow www.ngrguardiannews.com and www.thisdayonline.com) the Aviation Minister will be holding a press conference.

Don't hold your breath though because in Nigeria absolutely NOTHING is planned correctly yet alone implemented.

Regards,
Hani



If there is a will, there is a way
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