Finchglow Holdings has urged the Federal Government to write off legacy debts incurred by domestic airlines, saying such debts are old and have become doubtful. Recently, there was a dispute over the non-remittance of the Ticket Sales Charge (TSC) by airlines, following a rise in operational costs and an increase in fuel prices attributed to the United States-Iran crisis. Subsequently, the Airline Operators of Nigeria (AON) sought relief from the Federal Government, which approved a 30 per cent waiver on the charges. Speaking at a recent conference in Lagos, Executive Chairman of United Nigeria Airlines, Professor Obiora Okonkwo, said following the presidential waiver, airlines met with the NCAA and the Minister. In one decisive meeting, NCAA requested that airline operators pay 10 per cent of the legacy debts within a specified period, and then pay the rest in instalments over a period of time.
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