Wole Shadare, Author at Aviation metric

Ibom dumps wet-lease, to benefit from operating efficiency with 10 A220-300 aircraft

Posted on February 6, 2024 by Wole Shadare

As part of its long-term plan for its fleet programme, state-owned Ibom Air said it is putting an end to its wet-lease aircraft operation. This comes in the wake of the delivery of the company’s brand-new Airbus A220-300 aircraft, the first of 10) ordered from Airbus in October 2021. With the imminent entry into service of the A220, the ‘place holding’ work of the two wet-leased Airbus A320s now comes to an end. According to…

NANTA, IATA in talks to stave off showdown over lower fare inventories

Posted on February 6, 2024February 6, 2024 by Wole Shadare

There are indications that foreign airlines operating to Nigeria are considering releasing cheaper ticket inventories following the release of the airlines’ trapped funds by the Central Bank of Nigeria (CBN). A top official of the National Association Nigerian Travel Agency (NANTA) who disclosed this to Aviation Metric said the group has held a strategic meeting with the International Air Transport Association (IATA) with a view to the airlines opening their lower ticket inventory for passengers from Nigeria….

53% flights operated in Nigeria in 2023 delayed, NCAA vows to go tough on airlines

Posted on February 4, 2024February 4, 2024 by Wole Shadare

The Acting Director General of the Nigeria Civil Aviation Authority (NCAA), Capt Chris Najomo has again read the riot act to airlines engaging in incessant flight delays and cancellations. He expressed his at the alarming reports of incessant delays, flight disruptions, and schedule changes without adequate notice to passengers. Najomo, reiterated the need for airlines to improve their services, stressing that the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo is determined to enforce…

SAA celebrates 90 years of resilience, challenges, success

Posted on February 4, 2024February 4, 2024 by Wole Shadare

South African Airways (SAA) is celebrating 90 years of resilience and excellence having been established on February 1, 1934, making it one of the oldest and surviving airlines in Africa. As the celebrations are being marked globally at the airline’s various destinations on its network, the Lagos office in Nigeria kicked off the day’s celebrations with a Movie Reception and get-together for its leading travel agents. In a statement at the weekend, the Chief Executive…

Aboderin succeeds Agboarumi as SAHCo MD

Posted on February 2, 2024 by Wole Shadare

The Skyway Aviation Handling Company (SAHCO) PLC Board has appointed Adenike Aboderin as the Managing Director/Chief Executive Officer, effective from February 1, 2024. Mrs. Aboderin, a seasoned finance professional, succeeds Basil Agboarumi, bringing extensive executive leadership, financial, and management experience from both the private and public sectors. With a background in policy/strategy formulation, financial advisory, and expertise in sectors such as oil & gas, infrastructural development, marine, and transport, Mrs. Aboderin held senior executive positions,…

Airbus, Zenith’ s Ibom Air’s A220 financing pivotal moment for Africa’s aviation

Posted on February 2, 2024 by Wole Shadare

Nigeria’s promising carrier, Ibom Air received a major boost for aircraft financing as Zenith Bank and aircraft giant, Airbus have successfully closed financing for Ibom Air’s first A220, signaling a pivotal moment for African aviation. With Zenith Bank’s commitment to supporting regional carriers and Airbus’s endorsement, this collaboration addresses funding challenges and fosters a sustainable aviation ecosystem in Nigeria and beyond, highlighting the continent’s promising aviation sector potential. The agreement between Ibom Air…

EFCC begins Nigeria Air probe, Ministry to get N40B intervention for facility upgrade

Posted on January 31, 2024January 31, 2024 by Wole Shadare

National carrier project on course Nigerian airlines excluded from flag carrier designation Minister defends FAAN’s relocation The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has said that the Economic and Financial Crimes Commission (EFCC) has opened an investigation into the controversial Nigeria Air project. This is coming as the Minister threatened to name and shame airlines that are fond of incessant flight delays and cancellations, saying that the publication of their…

NANTA blasts foreign carriers, gives Feb 2 ultimatum for lower fare inventories

Posted on January 31, 2024January 31, 2024 by Wole Shadare

Threatens sustained media campaigns against operators Following the release of all outstanding backlogs of $64.44 million in blocked airline funds by the Central Bank of Nigeria (CBN), the National Association of Nigerian Travel Agents (NANTA) has said that foreign airlines have no further reason and justification to restrict inventory in the Nigerian market. The national president of NANTA, Mrs. Susan Akporiaye in a statement on Wednesday said the group viewed further restriction of lower…

Making connectivity seamless with MMA2 regional operations

Posted on January 30, 2024 by Wole Shadare

Single-use terminals are gaining traction, particularly in terms of cost-cutting, simplifying navigation, and streamlining operations for airlines. This could also be beneficial for airlines operating from MMA2 to simplify their business, writes WOLE SHADARE Richard Branson’s example When billionaire, Richard Branson, launched Virgin Nigeria in 2004, he was lauded by the then government for bringing a credible national airline to a country with an appalling air safety record. Little could he have imagined that three…

$700million airlines’ funds with commercial banks, FG clears backlogs

Posted on January 30, 2024 by Wole Shadare

IATA welcomes govt’s action The International Air Transport Association (IATA) said it welcomed the Central Bank of Nigeria’s (CBN) announcement of the release of an additional $64.44 million in blocked airline funds. IATA in a statement made available to Aviation Metric said it was consulting with its airline members to verify the release of their revenues. It noted that while it was encouraging, it stated that it is crucial to recognize that approximately $700 million remains…

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