Regulators intervene in Virgin Nigeria, GTB, UBA crisis

…Experts warn travellers may lose confidence in airline The apex aviation regulatory authority, Nigerian Civil Aviation Authority (NCAA), has stepped into the financial crisis rocking Virgin Nigeria, with a view to identifying and settling the airline’s face-off with its creditors. To this end, NCAA has summoned Virgin Nigeria, Guarantee Trust Bank (GTB) and United Bank for Africa (UBA)-its creditors, to explain the new twist to the airline’s problems. Harold Demuren, director general, NCAA ...
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Added May 16, 2010
from Businessday Nigeria