Finchglow boss defends 5% ticket charge, faults airlines over unremitted funds

By Faheem Lawal
The Group Managing Director of Finchglow Holdings, Bankole Bernard, has defended the five percent Ticket Sales Charge (TSC), insisting that airlines withholding the levy are not facing a genuine financial burden but an “integrity issue,” as the funds are already collected from passengers and held in the airlines’ custody.
Bernard spoke at a press briefing at the Lagos Aviation Academy ,Ikeja, on Tuesday, where he also gave updates on Finchglow Holdings’ 20th anniversary and plans for a new flying school.
Explaining how airline revenue is reconciled through the International Air Transport Association (IATA) and its Billing and Settlement Plan (BSP), Bernard said.
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