FAAN lauds FG for removal of tariffs on aircraft, spare part

FAAN lauds FG for removal of tariffs on aircraft, spare part

The management of the Federal Airports Authority of Nigeria (FAAN) yesterday commended the Federal Government for the removal of customs duties on imported aircraft and spare parts in the 2013 budget proposal to the National Assembly.

This is just as the agency challenged the operating airlines to take full advantage of the gesture by investing funds, which would have been spent on paying duties to the government on training of personnel and improvement of services to their esteemed customers.

General Manager, Corporate Communications, FAAN, Mr. Yakubu Dati said in a statement that the removal of the tariff further confirmed the commitment of the government towards the transformation of the aviation sector.

He added that Minister of Aviation, Princess Stella Oduah since her appointment in July 2011 had been consistently making a case for the removal of duties as part of her efforts of transforming the sector.

“We recalled that when the minister met with the airline industry’s players, she promised to pursue this issue and many other issues that were bedeviling the aviation industry, most especially, the cost of importing spare parts, which is a major component in the operational cost of airlines,” he said.

He said the removal of import tariff will revamp the sector and attract foreign investors.

He urged the indigenous airlines to take full advantage of this gesture, saying that this would go a long way in augmenting their services.

He called on investors to put their money in the sector. He said this will eventually lead to cheaper air services.