Wole Shadare, Author at Aviation metric

Airline industry: Sinking funds into bottomless pit

Posted on February 20, 2024February 20, 2024 by Wole Shadare

Warren Buffet in one of his popular quotes said the worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. WOLE SHADARE writes why airlines are perennially troubled Perennial trouble Why are airlines perennially troubled? That is the question agitating the minds of many stakeholders. Amid the gloom, many are still interested in investing in the business only to express their frustrations and regrets…

NAMA commences reorganisation, makes changes, promotes Njoke GM

Posted on February 20, 2024February 20, 2024 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) has commenced the proper placement of staff to their rightful position as a way of righting the wrongs of so many years. The re-organisation which has the backing of the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has brought a huge relief to many whose morale had been dampened by many years of discarding seniority in public service and one that almost jeopardised the civil service rule….

Nigeria begins process to exit ‘risk status’ for aircraft dry-lease

Posted on February 19, 2024 by Wole Shadare

Local firms lack capacity for airplane insurance-Okonkwo Rising jet fuel, Forex scarcities hamper aviation-United Nigeria Airlines The Federal Government may have begun the process to remove Nigeria from the ‘country risk’ status that has made aircraft dry lease impossible for airline operators. As a result, the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has met with the international lobby group to expunge the country from the black book which locked the country out…

Why it’s so expensive to travel in Africa

Posted on February 13, 2024February 13, 2024 by Wole Shadare

Have you ever wondered why flying within Africa is more costly than out of Africa? Well, we all have, at a certain point got bothered by the appallingly hiked air ticket fares in this region, writes, WOLE SHADARE Privileged reserve of the affluent Air transport is considered a privilege reserved for the affluent in Africa. This reminds many of an almost similarly ridiculous situation in the early 90s when mobile phones were getting on the scene…

Low patronage forces fare adjustment amid airlines’ rising operational costs

Posted on February 12, 2024February 12, 2024 by Wole Shadare

Passenger traffic shrinks, carriers lament A sharp reduction in the number of people that travel within the country and the harsh economic reality may have unwillingly forced airlines to adjust fares downward despite the myriad of challenges the carriers are faced with. Fares which jumped astronomically in July 2023 from N50,000 to between N80,000 and N100,000 for a way trip to Lagos from Abuja or to Lagos to Port-Harcourt have reverted to N65,000…

African airlines to airlift 98 million passengers in 2024-AFRAA

Posted on February 12, 2024February 12, 2024 by Wole Shadare

Somalia takes back control of airspace from Kenya Zambia aims new approach to modernise cargo processing The African Airlines Association (AFRAA), the umbrella body for many of the continent’s airlines has estimated that the continent’s airlines will carry around 98million passengers in 2024. The group in its January 2024 performance updates made available to Aviation Metric noted that since November 2023, traffic carried by African airlines exceeded the 2019 level, stressing that…

Wigwe ill be missed, says Kuku, FAAN MD

Posted on February 11, 2024 by Wole Shadare

More condolences are beginning to pour in on the passing of the Chief Executive Officer of Access Holdings Plc and founder of the How Foundation Mr. Herbert Wigwe as the Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku has expressed her profound sorrow at the passing of the banker. In a statement personally signed by Kuku, she fondly recalls a recent meeting she and some FAAN Directors…

NiMet workers to down tools over 45 months wage arreas, unions issue 14-day ultimatum

Posted on February 10, 2024 by Wole Shadare

Seek probe of staff employed in 2018 The National Union of Air Transport Employees (NUATE), the Association of Nigeria Aviation Professionals Amalgamated Union of Public Corporation Civil Service Technical and Recreational Services Employees (AUPCTRE), and the Association Nigeria Aviation Professionals (ANAP) have given the Nigerian Meteorological Agency (NiMet) a 14-day ultimatum to pay outstanding 45-month arrears of minimum wage consequential adjustment which they said has remained unpaid since 2022. The unions in a letter…

Minister grants Air Peace approval to operate to New York

Posted on February 10, 2024 by Wole Shadare

The Ministry of Aviation and Aerospace Development has approved the request of Air Peace and authorized the carrier to operate commercial international flights into and out of John F. Kennedy International Airport, New York, United States of America. Air Peace had in a letter dated January 12, 2024, written a letter to the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo requesting approval to operate to New York. In a letter dated February 9,…

Nigerian Airports: Boredom over Wi-Fi, desired amenities’ absence

Posted on February 7, 2024 by Wole Shadare

In certain parts of the world, access to the internet via Wi-Fi at airports is regarded to be a basic human right. Such amenities are lacking in Nigeria as the government seeks solutions to providing the basic amenities at major airports across the country, writes, WOLE SHADARE Dire need Business Air travellers as well as travellers in general consider the availability of wireless internet access as an absolute necessity at airports. They like to stay connected to…

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