Non Remittance Of N15B TSC : Arik, Medview Lead The Pack
As the rift between the Nigerian Civil Aviation Authority (NCAA) and the Airline Operators of Nigeria (AON), over failure by the latter to automate their remittance of the statutory 5 per cent Ticket Sales/Cargo Sales Charge (TSC/CSC)at the expiration of the deadline on Friday, March 31, 2017, Abelnewsng.com has stumbled on the debt profile of domestic airlines in the country as it concerns TSC for December 2016.
The document showed that while the Monthly Payments (MPs) stood at N301, 835,785.88, the Outstanding Payments (OBs) is N14, 731,838,064.59 as at December, 2016.
According to the document the embattled Arik Air is the greatest debtor with a Monthly Payments(MP) of N61,477,779.67 and Outstanding Balance(OB) of N9,460,745,429.96 followed by Dana Air with N57,500,000.00 and N1,241,951,184.28 OB, third is the only domestic airlines that is in the Nigeria Stock Exchange(SEC);Medview Airlines with N30,000,000.00Monthly Payments and N1,037,629,402.23 Outstanding Balance.
Other airlines that have failed to remit the TSC are the moribund IRS Airlines with MP of N1,054,403,662.52, dead Chanchangi Airlines incurred N442,148,618.52 OB of TSC before its demise, Firstnation N8,370,066.00 MP and N421,444,960.13,dwindling Aero incurred N389,839,503.42OB, AZMAN Air N20,000,000.00 MP with N321,729,901.04 OB.
Next is the new bride Air Peace with N109,862,633.84MP and N309,484,328.92 OB, Discovery Air , another dead airline was indebted to the tune of N28,339,864.19 OB, Overland N12,311,189.43 MP and N19,436,520.83 OB, Cronos Air N3,480,185.00 OB while African World recorded N2,314,116.94 MP and N1,204,503.55 OB.
The regulatory body had given airlines March 31 to automate their remittance or be sanctioned.
The non remittance of the TSC and the threat by the regulatory body to sanction the airlines that refused to automate remittance have been generating controversy in the aviation industry among stakeholders, many of whom have taken a swipe at domestic airline operators for collecting the money from passengers and refusing to remit same to NCAA .