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• Hilka Birns
United Nigeria Airlines says it raised NGN22 billion ($16.5 million) through its first commercial paper issuance, becoming the first Nigerian airline to tap the country’s short-term debt market using the instrument. The airline did not disclose how it plans to use the proceeds.
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United Nigeria Airlines says it raised NGN22 billion ($16.5 million) through its first commercial paper issuance, becoming the first Nigerian airline to tap the country’s short-term debt market using the instrument. The airline did not disclose how it plans to use the proceeds.
SunExpress is trimming capacity across its network this winter and passing some additional costs on to passengers as rising jet fuel prices, driven by the Middle East conflict, pressure the carrier. The moves are aimed at cushioning the impact of higher fuel costs.
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