Wole Shadare, Author at Aviation metric

Airbus raises female director proportion from 33% to 42%, shareholders approve resolutions at 2024 AGM

Posted on April 10, 2024 by Wole Shadare

Airbus shareholders approved all resolutions at the Company’s 2024 Annual General Meeting (AGM) held on 10 April in Amsterdam. Resolutions included the renewal of the three-year Board mandate of Chairman René Obermann and those of fellow non-executive directors Victor Chu, Jean-Pierre Clamadieu and Amparo Moraleda. Mr. Obermann was formally reappointed Chairman of the Board at a Board meeting held after the AGM. Dr. Feiyu Xu was appointed as a non-executive director following approval at the shareholder…

Lawyer awarded N2.5 million damages against Air Peace cries out over alleged blacklist

Posted on April 10, 2024 by Wole Shadare

We are not aware-source A lawyer, Maxwell Okpara has concluded plans to sue Nigeria’s flag carrier, Air Peace for blacklisting him from flying the airline anywhere in the world for daring to take the carrier to court over alleged infringement on his right. Aside from that, the lawyer is taking advantage of the carrier’s recent flight operations to London to file another class action against the United Kingdom. However, a source close to the…

Why NANTA Act was not my administration’s priority-Akporiaye

Posted on April 10, 2024 by Wole Shadare

The outgoing national president of the National Association of Nigerian Travel Agents (NANTA), Mrs Susan Akporiaye has explained the reason for the inability of the group to get an Act that regulates the agency’s operations many years after it embarked on the journey. She however said she was more concerned about the survival of members’ businesses and how to help them recover from the devastating effects of COVID that did incalculable damage to travel trade…

Naira appreciation, lower ticket inventory, reasons for fare crash, says NANTA, plans 48th AGM

Posted on April 9, 2024 by Wole Shadare

Nigeria lost 40% ticket sales to other nations The President of the National Association of Nigeria Travel Agencies (NANTA), Mrs. Susan Akporiaye has attributed the opening of lower fare inventories by foreign airlines, the strength of the Naira and the clearing of a backlog of international carriers’ trapped fund backlog as the reason for the reduction in air fares. Fares on international routes from Nigeria for economy class tickets were as high as N2.5…

Q1 REVIEW: Cautious optimism towards robust growth

Posted on April 9, 2024 by Wole Shadare

The aviation industry in the first quarter of 2024 can be described as mixed. The sector in Nigeria is grappling with so many challenges but there is hope that the managers of the sector are poised to tackle the myriad of issues confronting it, writes, WOLE SHADARE Age long decay Many of the country’s aviation woes have been there for decades with various governments that came after doing their best but how best had their best…

Minister: Why Nigerian airlines can’t compete with big int’l carriers

Posted on April 8, 2024April 8, 2024 by Wole Shadare

How aeropolitics, intrigues denied Air Peace Heathrow slot The Minister of Aviation and Aerospace Development, Festus Keyamo has said that Nigerian airline operators are disadvantaged and would find it extremely difficult to compete with their foreign counterparts because lack of access to finance and the high interest rate charged by banks on loans. The lack of credit facilities for the carriers has made it extremely tough for the airlines to buy aircraft outright or…

Nigeria-UAE stand-off ‘ends’ as Emirates to resume flights to Nigeria June, says Minister

Posted on April 8, 2024April 8, 2024 by Wole Shadare

President Bola Ahmed Tinubu’s decision to douse the tension and resolve the frosty relations between Nigeria and the United Arab Emirates (UAE) may have yielded some fruits as Emirates has concluded plans to resume flight operations to Nigeria 36 months after the carrier exited Nigeria. The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo disclosed while appearing on a national television, stating that he had received a letter from the airline on the return…

Olotu: We must not allow anyone to divide NANTA

Posted on April 8, 2024April 8, 2024 by Wole Shadare

A frontline presidential candidate for the National Association of Nigerian Travel Agents (NANTA) election which comes up on April 26, 2024, Mr. Daisi Olotu has mapped out his strategy on how to reposition the body via so many laudable programmes and projects. He outlines his plans while speaking with WOLE SHADARE The NANTA election is about two weeks from now or close to that, what are your plans for NANTA? It is good to let…

Chamber appoints Oladunni SA Foreign Relations/Head, Protocol W’Africa

Posted on April 7, 2024 by Wole Shadare

The Pan African American Chamber of Commerce (PAACC) has appointed Olatutu Oladunni as its Special Adviser on Foreign Relations and Head of protocol. The appointment of Oladunni, who is chairman of the Lagos State Chapter of the Sports Writers Association of Nigeria (SWAN) is coming a few months after she was elected Public Relations Officer of the Association of Certified Protocol Practitioners in Nigeria. The appointment letter dated March 19, 2024 and signed by Prof. Toks Onabanjo,…

ICAO projects 2% traffic increase for Q1 2024

Posted on April 7, 2024April 7, 2024 by Wole Shadare

The global aviation regulatory body, the International Civil Aviation Organisation (ICAO) has projected a 2 per cent increase in passenger traffic in the first quarter of 2024 compared to 2019, nothing that carriers would maintain profitability. The group noted that demand this year is expected to rise by 3-4%, reflecting a Compound Annual Growth Rate (CAGR) of 0.5% since 2019. ICAO credits Member States’ alignment with its pandemic guidance for air service recovery, nothing that…

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