The Federal Government on Tuesday withdrew the operating licence of Dana Airlines.
This followed Sunday’s crash of one of the planes in the fleet of the airline.
Spokesman of the Nigerian Civil Aviation Authority, Sam Adurogboye, confirmed the development.
All 153 passengers and crew members lost their lives in Sunday’s crash.
Unspecified number of persons on the ground were also crushed by the aircraft that crashed into a building in Agbado Powerline area of Lagos State.