Wole Shadare, Author at Aviation metric

Exploring the economics of private jet charter business

Posted on May 14, 2024 by Wole Shadare

Private jet demand is booming as charter rather than ownership is becoming a cost-cutting measure for the wealthy and busy CEOs, writes, WOLE SHADARE Hard times The reality of the harsh global economy is making the ownership of private jets no longer something multi-billionaires now fancy. Even people who are not in the billionaire club but had once desired to own their jets as a result of the enormous financial resources they are surrounded with no…

Minister laments Nigeria’s difficult visa processes, tourists, investors to get travel permit in 48 hours

Posted on May 14, 2024 by Wole Shadare

The Federal Government has expressed worry over the cumbersome nature of visa processes, lamenting the ease of doing business with Nigeria’s visa processes. The Minister of Information and National Orientation, Muhammad Idris said going forward, those investors and tourists would find it easy to acquire a visa within the next 48 hours. Speaking at the end of the extended FEC meeting on Tuesday, Idris said President Bola Tinubu approved the setting up of the committee to…

VistaJet commits to West Africa’s economic development, programme membership up by 91%

Posted on May 14, 2024 by Wole Shadare

VistaJet, the world’s first and only global business aviation company, has announced the conclusion of the company’s first-ever roadshow static display in West Africa, engaging with media and stakeholders in the region’s most vibrant cities, including Abidjan, Accra, Lagos, and Abuja. The roadshow was organized in support of VistaJet’s regional growth plans. According to Aviation Benefits Fits Beyond Borders, the aviation industry supports $3.5 trillion (4.1%) of the world’s gross domestic product (GDP). If the…

Amid harsh economic realities, Airbus delivers 142 airplanes, revenues up by 13% Q1 2024

Posted on May 12, 2024 by Wole Shadare

Airbus’ gross commercial aircraft delivered in Q1 2024 rose to 142. This is coming against the backdrop of an operating environment that shows no sign of improvement. The company also reported consolidated financial results for its First Quarter (Q1) ended March 31, 2024. “We delivered first quarter 2024 results against the backdrop of an operating environment that shows no sign of improvement. Geopolitical and supply chain tensions continue. In that context, we delivered 142 commercial…

Minister seeks dedicated power-line for MAKIA, others for Hajj, FAAN re-opens runway 18/L

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

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has solicited support from the Kano State Government for a dedicated power line to the Mallam Aminu Kano International Airport to enhance the airport’s power supply and improve the cooling system—a pressing need given recent concerns. He called for the Kano State Government’s support when he paid a courtesy visit to the Governor of the State, Abba Kabir Yusuf intending to ensure successful 2024 Hajj…

Xejet aircraft with 52 passengers skids off runway, FAAN shuts facility

Posted on May 11, 2024 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) has shut the 18/Left runway of the Murtala Muhammed Airport, Lagos following an incident involving XEJET Airlines aircraft that skidded off the runway on landing into the grass. The aircraft with registration 5N-BZZ with 52 passengers departed Abuja and landed at 11.29 am. The Nigerian Safety Investigation Bureau (NSIB) confirmed that an aircraft belonging to Xejet Airlines skidded off the runway of the domestic wing of the Murtala…

Dana’s audit commences, disengages staff, holds talks with lessors

Posted on May 11, 2024May 11, 2024 by Wole Shadare

Dana Air’s operations which operations were suspended first by the Minister of Aviation and Aerospace Development, Festus Keyamo and later by the Acting Director-General of Nigerian Civil Aviation Authority (NCAA), Capt Chris Najomo has given an update about the audit it is currently undergoing with the relevant aviation authorities. The carrier in a statement said the audit, currently underway, is a collaborative effort between it and the authorities to ensure compliance with all necessary standards…

Reps plan adequate funding for NAMA, as Farouk seeks fair revenue sharing review for agency

Posted on May 10, 2024 by Wole Shadare

…Directors re-sign performance to measure KPIs, MD seeks excellence from staff The House of Representatives has pledged swift action to ensure adequate funding for the Nigerian Airspace Management Agency (NAMA), acknowledging the precarious financial situation exacerbated by an inequitable revenue-sharing formula. A member of the House of Representatives who represented the chairman House Committee on Aviation, Abdullahi Idris Garba, Esosa Iyawe at the 2024 Management Retreat of NAMA with the theme, “Sustainability of strategic…

Firm to bring aircraft repair facility, training school to Ogun Airport

Posted on May 9, 2024 by Wole Shadare

President/ Chief Executive Officer of AirFirst Maintenance and Engineering Limited, Mr. Gbolahan Abatan has concluded plans to bring huge investments to the Gateway International Agro Cargo Airport with an aircraft maintenance and repair facility as well as a flight training school for young pilots and aircraft engineers. Abatan made the disclosure when he visited the Ogun State Governor, Prince Dapo Abiodun, in his office. He commended the governor for building a world-class airport in…

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