NAHCO Plc turnover up by 44%, pays N665 million dividend to shareholders

NAHCO Plc turnover up by 44%, pays N665 million dividend to shareholders

Nigerian Aviation Handling Company Plc (NAHCO Plc) held its 41st Annual General Meeting (AGM) in Lagos on July 29, 2022. At the AGM, which was held both physically as well as virtually, the Board of the company informed Shareholders that the group turnover stood at N10.2 billion, representing a 44% improvement over the 2020 financial year performance, despite the effect of the Covid-19 pandemic on its operations. As a reward for their continued trust and…

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NiMet commences evaluation of 2022 SCP

NiMet commences evaluation of 2022 SCP

    The Nigerian Meteorological Agency (NiMet) has begun the scientific evaluation of its 2022 Seasonal Climate Prediction (SCP). The exercise is an annual event carried out by a task team constituted by NiMet Director General Prof. Mansur Bako Matazu upon assumption of office in 2021. According to the Team Coordinator, Mr. Haruna Zakari, the task team is mandated to evaluate the predicted onset period, the Little Dry Season based on the areas affected as…

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More airlines to take ‘drastic’ action, weigh options over trapped funds

More airlines to take ‘drastic’ action, weigh options over trapped funds

  BA, Emirates, Delta, United make up 80% $450 million trapped fund, NANTA pleads with FG     Faced with the enormous amount of funds trapped in Nigeria, foreign airlines are monitoring the situation that could see them cut down drastically on their flight services. The trapped revenue is said to be a result of a forex shortage, a sign that Nigeria is facing serious financial challenges.   The action has technically made airfares on…

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Olowo backs airlines to raise fares to match cost of operation

Olowo backs airlines to raise fares to match cost of operation

President,  Aviation Safety Round Table Initiative ( ASRTI) Dr Gabriel Olowo has backed airlines to charge fares that are commensurate with their cost of operations, adding that the astronomical prices of Jet A1 also known as aviation fuel, it has affected airline operations and finances. This is just as he has called for increased vigilance of the Nigerian Civil Aviation Authority (NCAA),  stressing that a price increase is better than negotiating safety by cutting corners….

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Nigeria’s system threatens airlines’ survival-Ibom Air’s COO

Nigeria’s system threatens airlines’ survival-Ibom Air’s COO

The Chief Operating Officer, Ibom Air, George Uriesi said the operational environment in Nigeria would make airlines not survive, adding that the system makes it impracticable for the survival of carriers. Uriesi made the disclosure amid the precarious situation airlines in Nigeria are going through just as global carriers are reeling under difficulty in sourcing jet fuel including the economic recession that has hit the airline industry. He made this statement while presenting a paper…

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Africa needs 67, 000 pilots, technicians, cabin crew to solve manpower problems

Africa needs 67, 000 pilots, technicians,  cabin crew to solve manpower problems

Pilot shortage hit Nigeria, others Nigerians stranded as Lufthansa ground crew embark on strike     Aircraft giant, Boeing has raised concern over the dearth of pilots, technicians, and cabin brew as the plane maker In its 2022-2041 Pilot and Technician Outlook (PTO), Africa is set to need 20,000 pilots, 21,000 technicians, and 26,000 cabin crew. In Nigeria, the scarcity of skilled manpower to replace the aging workforce is putting the country’s aviation industry on the…

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Just In: FG approves Airbus, Boeing aircraft lease for Nigeria Air

Just In: FG approves Airbus, Boeing aircraft lease for Nigeria Air

The hope for a new national carrier, Nigeria Air, brightens on Wednesday as the Federal Government approved the leasing of three aircraft. The three aircraft are made by Airbus and Boeing. The central government stated that the national carrier would begin operations with domestic routes. Minister of Aviation, Senator Hadi Sirika, made the disclosure while briefing journalists after the Federal Executive Council (FEC). The FEC meeting was chaired by President Muhammadu Buhari. Sirika announced that…

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Aero Contractors never diverted $3 million-Management

Aero Contractors never diverted $3 million-Management

Nigeria’s oldest airline, Aero Contractors has described as preposterous, claims that the carrier diverted $3 million meant for the acquisition of a Bombardier aircraft. The management of the airline in a statement described as lies, report of diversion, or a refund by Bombardier. The management further faulted the spurious claim by one Femi Adeniji who was reported to have granted an interview to Daily Independent Newspaper, noting that the allegations he spewed in the interview…

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Boeing: 2.1 million pilots, technicians, cabin crew required for commercial airplanes

Boeing: 2.1 million pilots, technicians, cabin crew required for commercial airplanes

Commercial fleet to nearly double to 47,080 aircraft by 2041     United States aircraft giant, Boeing has estimated that 602,000 pilots, 610,000 maintenance technicians, and 899,000 cabin crew members will be required to operate the global commercial fleet set to nearly double to 47,080 aircraft by 2041. In its 2022-2041 Pilot and Technician Outlook (PTO), the aerospace and defence giant, Boeing projected increased demand for 2.1 million new aviation personnel over the next 20…

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