Wole Shadare, Author at Aviation metric

Expert seeks crude oil exchange solution for airlines $812.2 million trapped funds

Posted on June 7, 2023 by Wole Shadare

President of the Aviation Round Table (ART), a body of different professionals in Nigeria’s aviation sector, Dr. Gabriel Olowo has called on the Federal government to consider the barter arrangement option for settling the $812.2 million of the foreign airlines trapped in Nigeria. Olowo’s position is coming days after the Director General of the International Air Transport Association (IATA), Willie Walsh declared Nigeria as the highest indebted country to foreign airlines. The…

Ibom Air marks 4th anniversary

Posted on June 7, 2023 by Wole Shadare

Fast-rising Ibom Air is celebrating its fourth anniversary. The carrier had on June 7, 2019, taken to the skies on its inaugural flight from Uyo to Lagos, armed with a vision to offer industry-leading schedule reliability, on-time departures, and excellent service to passengers. Established and owned by the Government of Akwa Ibom State, the airline has recorded significant milestones, surpassing even the projections it set for itself. With its modern fleet of aircraft, commitment to…

Fuel efficiency: Why airlines need to switch to more ambitious measures

Posted on June 6, 2023 by Wole Shadare

The airline industry has made huge strides in terms of fuel efficiency. One reason is to reduce costs—fuel is expensive—but sustainability is a factor as well, as concern grows about the industry’s environmental performance, writes, WOLE SHADARE An important landmark was achieved in the early 1970s with the introduction of second-generation jet planes (B747 and DC10) that included engine efficiency improvements as well as the economies of scale benefits of high capacities, in the range of…

High jet fuel, taxes retard Nigeria’s, Africa’s aviation growth-RwandAir’s CEO

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

Msheila: Multiple charges killing sector Wole Shadare, (Istanbul, Turkey) The Chief Executive Officer of RwandAir, Yvonne Makolo said African airlines are really disadvantaged with the high rate of jet fuel, saying Jet A1 costs four or five times more in Africa than Europe. She added that the situation has made airfares in the continent to be expensive. In terms of jet fuel within the continent, the continent’s carriers are already paying such a…

RwandAir’s CEO Yvonne Makolo becomes first female IATA Chair board of Governors

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

The Chief Executive Officer of RwandAir, Yvonne Manzi Makolo is the new chair of the International Air Transport Association (IATA) Board of Governors. This was confirmed at the ongoing IATA AGM 2023 in Istanbul, Turkey. She becomes the first female chair of the strong airline body, in line with the vision of ensuring that at least 25 percent of top management positions in the industry are occupied by women. The three-day 79th IATA General Meeting…

Over three attempts at national carrier end in fiasco

Posted on June 5, 2023 by Wole Shadare

Ex-Minister’s shoddy arrangement, NCAA hammer may end future national carrier plan The recurring failure by the Nigerian government to float a national airline for more than 15 years and particularly in the last eight may have put a permanent end to the idea. Never have Nigerians followed the process to birth a national than in the past eight years. The project first suffered a hiccup when former Vice President Yemi Osinbajo four years ago…

How CBN stalled talks on $812 million airlines’ trapped funds, IATA seek Tinubu’s help

Posted on June 4, 2023 by Wole Shadare

Nigeria, Ethiopia, Algeria, Lebanon, others keep carriers’ $2.3 billion monies Abide by int’l treaties, pacts, airline body tells Nigeria Wole Shadare (Istanbul, Turkey) The International Air Transport Association (IATA) has attributed the lull in economic activities occasioned by the just concluded elections as the reasons international airlines’ blocked funds had continued to pile up to the tune of $812.2 million. Kamil Al-Awadhi, Regional Vice President of Africa & Middle East for IATA who spoke to…

Trapped funds: Why some airlines are yet to be paid

Posted on June 4, 2023 by Wole Shadare

CBN settles others on new Forex window The crisis caused by the inability of foreign airlines to repatriate their funds which ran into over $700 million is yet to end. While some airlines have collected their funds that were trapped, others are yet to do so because of their insistence on accessing their fund at a lower Forex rate of between N450 and N470 to a dollar. A European airline official and his…

Nominations Open for Aviators Africa Tower Awards

Posted on June 2, 2023 by Wole Shadare

The organisers of Aviators Africa Tower Awards are pleased to announce that nominations are now open for the 2023 edition of the awards. The awards celebrate excellence and sustainability in the African aviation industry and recognize companies and individuals who have made significant contributions to the growth and development of the industry. The Aviators Africa Tower Awards will be presented in three broad categories, including brands, Change-makers, and Hall of fame. Nominations are open to…

Reps to probe Nigeria Air project, summon Perm Sec

Posted on June 1, 2023 by Wole Shadare

The House of Representatives Committee on Aviation headed by Nnolim Nnaji has summoned the Permanent Secretary, Ministry of Aviation Dr Emmanuel Meribole to an emergency meeting over the Nigeria Air project. The emergency meeting according to an invitation for the meeting signed by the committee clerk Bassy E. Edem dated May 30 2023 and referenced NASS/9/HR17/120, the Permanent Secretary was directed to come with every document and personnel connected with the National Carrier. Extract…

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