Nigeria Owes Airlines $575 Million in Fares as Oil Crimps Income

  • Failure to honor debts could undermine hub status, IATA says
  • Government asks carriers to accept ‘realistic’ payment plan

Nigeria owes airlines more than half a billion dollars in outstanding air fares as the oil-price slump depletes reserves of the U.S. currency and prompts the government to limit the amount of money that can be moved abroad.

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