Home / Aviation News / Debt galore, as airlines owe NAMA, NCAA N9.9b
A line up of aircraft of Nigeria's airlines parked at the Domestic terminal - MMA2. 5N-BKQ of Aero, OM-ASE of Bellview, 5N-SRI of Dana Air (Nigeria's only LCC) and 5N-BIK of Chanchangi Airlines. This picture was take in April 2009. Copyright of Airliners.net

Debt galore, as airlines owe NAMA, NCAA N9.9b

…Arik, Aero top list with N5.1billion
ANTHONY OMOH

Despite measures being taken by aviation parastatals to plug some of the leaks in the revenue collection from airlines, the latter still owe the Nigeria Airspace Management Agency (NAMA) and the Nigeria Civil Aviation Authority (NCAA) to the tune of N9.9billion.
Daily Champion investigations reveal that debt in form of Ticket Sales Charge (TSC) and the Cargo Sales Charge (CSC) that have been generated but not remitted to the NCAA as at April 30th, 2011 stands at N5, 363, 968, 106.76 (N5.4billion) approximately)
While debt owed NAMA by same domestic airlines stands at N4, 056, 816, 040. 26 on Enroute and Terminal Navigation Charges (TNC) from 2001 to April 30th, 2011.
According to the current statistics, the debt profile would have been worse if the NCAA and NAMA had not introduced measures to get their monies from some of these airlines in terms of the newly implemented Direct Payment Plan (DPP) of the NCAA and the Pay as you go by the airspace managers.
NAMA had introduced the Pay as you go system for airlines when it could no longer bear the brunt of the airlines’ debt forcing many of them to pay their current debt.
The NCAA also in a bid to ensure that the airlines did not make away with the 5 per cent ticket and cargo sales charge entered a tripartite agreement with the airlines and their bankers enabling them to start collecting the money from source.
So once a passenger buys a ticket and it is confirmed with the airlines manifest the money is deducted.
However, statistics made available to our reporter, Arik Air has the largest debt to both parastatals being indebted to NAMA to the tune of N1, 107,674,989.30 for TNC and enroute charges while it owes the NCAA N2, 502,420.188.11 making a total of N3, 610, 095,177. 41(N3.6billion)
The NCAA also told reporters at a briefing that Arik Air had started deducting the 5 per cent for the NCAA as well as another 5 per cent for the Federal Inland Revenue Service (FIRS).
Aero Contractors is the second largest debtor with N 737,077,188.30 to NCAA and N731, 334,432.26 to NAMA bringing the airline’s combined debt toN1, 468, 411, 620.55 (N1.5 billion).
IRS Airlines also has a stunning debt profile with both parastatals owing the NCAA N672, 446,155.22 on PSC and CSC while it owes NAMA N343, 624,942.45 on en route charges and TNC bringing the airlines sum total to N1, 016, 071,097.67.
Latest entrants, Dana Air owes a total of N643, 354,939.15 dividing its debts between NCAA and NAMA as N518, 046, 423.93 andN125, 208,515.22.
Overland Airways is owing a combined figure of N56, 233,234.15 with the breakdown as follows: NCAA PSC/CSC N45, 289,790.94 while NAMA‘s enroute and navigational charges are 10, 943,443. 21.
Surprisingly Air Nigeria, former Virgin Nigeria seem to have a very low debt profile to the parastatals probably due to its being part of the IATA Billing Settlement Plan (BSP). It has a combined debt of N243, 492,235.39 with debt to NCAA standing at N15, 125,450.65 while it owes NAMA N228, 366, 784. 74.
Chanchangi which operates inconsistently is not left out as before it stopped operations recently again, it had as total debt N1, 249, 402, 941.89 owing NCAA and NAMA N386,767, 375.99 and N862, 635,565.90 respectively.
Bellview which stopped flying in 2009 and is making a comeback with new investors as First Nation Airways also owes the NCAA N87, 426, 947.32 for TSC/PSC while it owes NAMA 317, 647,309.62 for navigational and enroute charges bringing its total debts to N395, 074,256.94.
Even airlines that have since stopped operating in Nigeria like Fresh Air, Space World Pan African and NICON are indebted to the airport regulator and the airspace managers.

 

 

About anthony omoh

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I am a Journalist with a passion for developmental stories and nigerianflightdeck.com was born out of passion for reporting the travel, business and aviation sub-sector. This site is an expression of my ideals and creativity as a reporter and my discretion as a publisher. I am extremely content doing this and I am sure when you read my stories you’d understand that I touch people and that’s why

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