Foreign airlines’ trapped funds mount, hit $ 743 million

Foreign airlines’ trapped funds mount, hit $ 743 million

  Nigeria caused low-fare inventory closure by carriers-Olowo     Airlines’ funds trapped in Nigeria have continued to mount, a situation that has put the airlines in a tight corner. As of December 2022, the trapped funds belonging to foreign airlines hit $550 million, despite the recent intervention of the Central Bank of Nigeria (CBN) to clear part of the funds. Consequently, the International Air Transport Association, on Tuesday, disclosed that the trapped funds belonging to foreign…

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FAAN to shut Lagos airport runways for eight weeks for repair, to divert planes to alternate taxiway

FAAN to shut Lagos airport runways for eight weeks for repair, to divert planes to alternate taxiway

  The Federal Airports Authority of Nigeria (FAAN) has announced that international runways 18R and 36L at Murtala Muhammed Airport in Lagos would be shut for repairs. FAAN disclosed in a statement on Monday that the runway will be closed for 8 weeks for maintenance. The agency stated that Taxiway B-18L will be used instead for all flight operations until the maintenance is done. Earlier this year, the Nigerian Airspace Management Agency shut down the…

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Dana takes delivery of aircraft from maintenance, introduces N45,000 flash sale

Dana takes delivery of aircraft from maintenance, introduces N45,000 flash sale

  Dana Air has received some of its aircraft from maintenance and will be introducing a flash sale of N45,000 for those who plan their trips early enough and book ahead on its website www.flydanaair.com The airline in a statement said, “We are pleased to announce that we have taken delivery of some of our aircraft from maintenance. These aircraft have undergone proper maintenance in line with our strict safety standards, documentation, and certification to…

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Foreign Airlines: Nigerians Bear Brunt Of Exploitative Fares

Foreign Airlines: Nigerians Bear Brunt Of Exploitative Fares

Nigerians are at the mercy of foreign carriers with exploitative fares that have remained for too long. The route is said to produce a high yield. Government is helpless, the country lacks strong indigenous carriers to compete with their foreign counterparts, writes WOLE SHADARE Ignoring the warning The International Air Transport Association (IATA) had warned of an impending hike in airfare in countries where airlines’ funds are trapped. IATA’s Vice-President for Africa and Middle-East, Kamil…

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Qatar Marks First Anniversary of Expanded Nigerian Schedule

Qatar Marks First Anniversary of Expanded Nigerian Schedule

Qatar Airways is marking the first anniversary of its successful Kano (KAN) and Port Harcourt (PHC) services, which have facilitated increased passenger traffic and commerce between these important West African hubs and the rest of the world. The multi-award-winning airline launched the four weekly flights to Kano on 2 March 2022 and the next day started three weekly services to Port Harcourt. Both operate via Abuja using one of the state-of-the-art Boeing B787 Dreamliner. The…

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New rules for inbound air shipments to the European Union (EU) kicks off

New rules for inbound air shipments to the European Union (EU) kicks off

The European Union kicks off the second phase of its Import Control System 2 (ICS2), the new advanced cargo information and risk management platform, to protect against security and safety threats from goods entering the EU.   From March 1, 2023, all air carriers, freight forwarders, express couriers, and postal operators involved in the transportation of goods by air to or through the EU must provide a complete set of Entry Summary Declaration data on…

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Lagos train accident: NSIB faces multi-modal acid test, Sirika direct agency to begin probe

Lagos train accident: NSIB faces multi-modal acid test, Sirika direct agency to begin probe

In what could be its first major task since transmuting from Accident Investigation Bureau (AIB) to the Nigerian Safety Investigation Bureau (NSIB), the multi-modal accident investigative body has been charged by the Minister of Aviation, Hadi Sirika to immediately swing into action to unravel the cause of the accident involving a Lagos State bus conveying workers to work that collided with a passenger train on Thursday. Sirika directed the NSIB experts to commence an immediate…

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FAAN Helpless As Disused Airplanes Pose Security Risk At Airports

FAAN Helpless As Disused Airplanes Pose Security Risk At Airports

Experts warn of exposure to danger   A few years after the Federal Airports Authority of Nigeria (FAAN) disposed of disused airplanes that littered the aprons of the domestic wings of the Murtala Muhammed Airport, Lagos, the area is again growing with abandoned airplanes; a situation that is distorting the aesthetics of the airport and constituting security threat to the aerodrome. A common sight strikes at airports throughout Nigeria’s major airports as old aircraft that…

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NCAA seeks stakeholders’ input into new Nigeria civil aviation regulations

NCAA seeks stakeholders’ input into new Nigeria civil aviation regulations

The Nigeria Civil Aviation Authority (NCAA) has called for stakeholders’ reviews, contributions, and comments on the new Nigeria Civil Aviation Regulations (NCARs) before its implementation. A circular sent to all stakeholders with the reference number: NCAA/RC/005/2023, dated February 12, 2023, signed by Capt. Musa Nuhu, the Director-General of Civil Aviation (DGCA) and obtained by our correspondent, indicated that the regulatory agency gave the stakeholders till March 21, 2023, for their contributions and review, which is…

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Africa’s Air Cargo Volumes Decline As Sector Makes Soft Start To 2023 worldwide

Africa’s Air Cargo Volumes Decline As Sector Makes Soft Start To 2023 worldwide

During January, African airlines saw cargo volumes decrease by 9.5%  compared to January 2022.  This was an improvement in performance compared to Dec 2022 (-10%). January 2023 capacity was 1.8% below January 2022 levels with the African continent accounting for 2% of the global air cargo market. This was contained in the International Air Transport Association (IATA) released data for January 2023 global air cargo markets showing that air cargo demand declined as economic headwinds persist. According…

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