Trapped Funds: British Airways Blocks Travel Agents From Paying In Naira - The Source

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Trapped Funds: British Airways Blocks Travel Agents From Paying In Naira

The Source by The Source
August 27, 2022
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Trapped Funds: British Airways Blocks Travel Agents From Paying In Naira
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As the problem of trapped $464m overseas airways’ price range lingers, British Airways might also additionally forestall flying to Nigeria as from December 1, 2022.

The United Kingdom airline this morning closed stock this means that journey dealers might now no longer be capable of problem clean tickets for his or her clients, however people should purchase tickets best online, simplest in dollars.

The decision, in step with BA, became to mitigate the impact of blocked price range as overseas airways plan to take drastic movement consisting of suspension of flights to strain the Federal Government to launch their budget.

Already, Emirates Airlines will droop flight via way of means of September 1 over the identical problem because the UAE service has over $85m trapped in Nigeria.

The National Executive Council of the National Association of Nigerian Travel Agencies (NANTA) showed the improvement almost about British Airways.

The Association counseled its participants now no longer to difficulty or pay for tickets past December following the brand new improvement and cut-off date issued to Nigerian authorities through BA.

The NANTA memo read: “The National Executive Council of NANTA just concluded a business meeting with British Airways and British Airways conveys assurance that it remains committed to servicing the needs of travel agencies in Nigeria.

“As members may be aware that British Airways closed inventory this morning, please be informed that, this inventory closure is a necessary action taken by British Airways to mitigate increase of their trapped funds.

“However, British Airways provides reassurance that it is still flying in and out of Nigeria and is currently seeking earnest solutions to adress the demands of its customers.”

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