Emirates Airline has announced its decision to suspend all flights to and from Nigeria from September 1 "to limit further losses" over "blocked funds".
In a statement posted on their official website, the Dubai-based carrier said they had "made considerable efforts to initiate dialogue with the relevant authorities due to ongoing challenges in repatriating funds" but had to make "the difficult decision" as there was "no progress" in finding"a viable solution".
The airline regretted the inconvenience caused to their customers, but stressed that the "circumstances were beyond their control".
They added that they will "re-evaluate" the decision if there are "any positive developments in the coming days regarding the blocked finds in Nigeria".
Emirates said they will work towards helping customers "make alternative travel arrangements wherever possible" or provide them with full refund.
"We remain keen to serve Nigeria, and our operations provide much needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai, and to our broader network of over 130 destinations," their statement said.
TikTok's Chinese owner, ByteDance, has said it has signed agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday.
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.