Wole Shadare, Author at Aviation metric

IATA: 25% loan interest, airlines’ insurance premium in Nigeria highest in the world

Posted on December 7, 2023 by Wole Shadare

Nigerian airlines set up to fail from start Why carriers are not profitable Wole Shadare, Geneva, Switzerland The International Air Transport Association (IATA) said that 25% interest on loans which it tagged ‘ridiculous’, high airport taxes and insurance premiums which it said is six times more than anywhere in the world would do incalculable damage to aviation in Nigeria. IATA’s Regional Vice President Africa & Middle East, Kamil Al-Awadhi at a media presentation with African journalists…

Allocate 30% renewable fuel output to SAF, IATA tells govts’, as Biofuel volumes grow

Posted on December 6, 2023December 6, 2023 by Wole Shadare

The International Air Transport Association (IATA) has urged governments to set a policy framework that incentivizes renewable fuel producers to allocate 25-30% of their output to Sustainable Aviation Fuel (SAF) to meet the CAAF/3 ambition including existing regional and national policies as well as airline commitments. The association disclosed on Wednesday at the IATA Global Media Summit in Geneva, Switzerland. According to the clearing house for over 310 airlines in 2023, SAF volumes reached over…

Aviation revenue to hit $964 billion, African airlines to post $0.5b losses in 2024

Posted on December 6, 2023December 6, 2023 by Wole Shadare

Infrastructure, connectivity impact region’s industry performance Wole Shadare, Geneva, Switzerland Having recovered from the 2020 Covid pandemic that did incalculable damage to the global aviation industry, industry revenues are expected to reach a historic high of $964 billion according to the International Air Transport Association (IATA). While other regions in the world are expected to post profits in 2024, African carriers are expected to generate losses in both 2023 and 2024. The continent according to…

Kazakhstan’s aviation completes iPADIS ACCEPT programme to aid passengers with reduced mobility

Posted on December 5, 2023 by Wole Shadare

Ex-ICAO President, Aliu lauds initiative The Founding President of International Partners for Aviation Development Innovation and Sustainability (iPADIS) and former President of the International Civil Aviation Authority (ICAO), Dr. Olumuyiwa Bernard Aliu has commended the exemplary efforts of the Aviation Administration of Kazakhstan (AAK) for its commitment to support initiatives to ensure safe, accessible and pleasant air travel for all persons with reduced mobility. Now that President Bola Ahmed Tinubu has appointed a Senior…

Demand for air cargo for African airlines up 2.9%, says IATA

Posted on December 5, 2023 by Wole Shadare

African airlines saw their air cargo volumes increase by 2.9% in October 2023, much improved compared to September’s performance (-0.1%). Carriers in the region benefitted from the strongest annual growth since May (+16.7%). Capacity was 9.8% above the October 2022 levels. This is contained in the International Air Transport Association (IATA) released data for October 2023 global air cargo markets indicating the third consecutive month of stronger year-on-year demand. Global demand, measured in cargo tonne-kilometres (CTKs*),…

Nigeria inks BASA with Kuwait

Posted on December 5, 2023December 5, 2023 by Wole Shadare

The Federal Government of Nigeria, represented by the Minister of Aviation and Aerospace Development, Festus Keyamo has inked a significant Bilateral Air Services Agreement (BASA) with the State of Kuwait. The historic accord was formalized during the ongoing COP28 in Dubai, reflecting a commitment to fostering international cooperation in the realm of aviation. The signing ceremony took place on Tuesday in Riyadh, Saudi Arabia, symbolizing the collaborative spirit between the two nations. The agreement marks…

Knee-jerk reactions expose aviation soft underbelly

Posted on December 5, 2023 by Wole Shadare

The past week witnessed one of the best confusion ever witnessed in the country’s aviation sector over United Nigeria’s mistaken flight to Asaba. The NCAA and by extension, the Minister panicked over what should just have gone as one of the mistaken flights. The reaction sent a wrong signal to investors and the global aviation industry, writes, WOLE SHADARE Difficult week The past week was awash with an incident involving an incident involving United Nigeria flight…

Tropicana Scuba Diving: Akinboboye’s 8th Tourism Product

Posted on December 2, 2023 by Wole Shadare

When Otunba Wanle Akinboboye, who was in his mid-twenties returned to Nigeria from the United States of America in the late 1980s, he established La Campagne Tropicana Beach Resort, which incorporated the oceanfront at Ikegun in Ibeju-Lekki area of Lagos State In the early 1990s, he registered several tourism and recreational-focused companies, one of which was Tropicana Scuba Limited. He aimed to operate and expose Nigerians to leisure activities that leveraged Nigeria’s natural environment while…

NCAA lifts United Nigeria’s plane suspension, carrier begs passengers

Posted on December 1, 2023 by Wole Shadare

The Nigeria Civil Aviation Authority (NCAA) has lifted the suspension placed on the Part G operations specifications of a wet-leased Airbus aircraft operated by United Nigeria Airlines. The agency had last Sunday suspended the airline’s Airbus following after it temporarily diverted its flight NUA 0504 headed for Abuja to Asaba. In a letter signed by the NCAA’s Director of Licensing and Training, Captain I.B Danbazzau and, addressed to the Managing Director of the airline, the…

Olateru: Nigeria must undergo reforms for rapid development

Posted on December 1, 2023December 1, 2023 by Wole Shadare

The Director General Nigerian Safety Investigation Bureau (NSIB) Engr. Akin Olateru has canvassed for comprehensive reforms in the country’s socio-economic sectors intending to enhance the wellbeing of the citizenry and the overall growth and development of Nigeria. Olateru who stated this in a keynote address entitled: “Breaking Barriers to National Development, ” at the Nigerian Service Award organised by COA Media in Abuja on Thursday, noted that engaging in agribusiness, job creation, strengthening public services,…

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