Wole Shadare, Author at Aviation metric

Kenya Airways reduces operating loss, maintains path to recovery, releases Half Year 2022 results

Posted on August 24, 2022 by Wole Shadare

Kenyan national carrier, Kenta Airways Plc National carrier Kenya Airways PLC (KQ) has released its Half Year financial results for the six months ending June 2022 at a virtual investor briefing held this morning. The Group’s total revenue stood at Kshs 48,104 million, recording a 76% increase compared to the same period last year. This increase is mainly attributed to significant growth in passenger revenue which grew by 109%, and cargo revenue which increased by…

Jumia as a Driver of Growth for SMEs in Nigeria

Posted on August 24, 2022 by Wole Shadare

Starting a business is no easy feat. There is a lot of research, planning, and capital that goes into it. It often feels like there are 1,000 things to do at the same time. New small business owners are often faced with this reality, but, over the years, Nigeria’s leading e-commerce platform, Jumia, has helped several vendors get online, reduce and, in most cases, eliminate some of the costs associated with running their business. The…

Key stakeholders to discuss African aviation sustainability, others at Aviators Africa summit, awards

Posted on August 24, 2022August 24, 2022 by Wole Shadare

Key top stakeholders in the African aviation, travel, and tourism industries will meet to discuss the promotion and the advancement of the development and sustainability of the continent’s aviation and its allied industries at the fourth Aviators Africa conference and awards. It is an event organized for the aviation, travel, and tourism sectors in Africa. The full-day conference will attract over 200 delegates and will feature panel sessions and presentations of papers from airline operators,…

Airlines Struggle To Navigate Turbulent Skies

Posted on August 23, 2022 by Wole Shadare

Airlines provide a vital service, but factors, including the existence of loss-making carriers, bloated cost structure, vulnerability to exogenous factors, and a reputation for poor service, combine to present impediments to profitability, writes WOLE SHADARE The sad reality The airline industry is no stranger to difficulties that have led them to bankruptcies and extinction. Many Nigerian carriers are technically bankrupt. Their indebtedness to various aviation agencies like the Federal Airports Authority of Nigeria (FAAN), the…

Job losses loom over airlines’ $464 million stuck funds, NUATE writes Sirika

Posted on August 23, 2022August 23, 2022 by Wole Shadare

The National Union of Air Transport Employees (NUATE) has expressed concern about the likely loss of jobs occasioned by the withholding of $464 million of airlines’ funds. In a letter to the Minister of Aviation, Hadi Sirika signed by NUATE General Secretary, Ocheme Aba disclosed the ugly situation of hundreds of millions of dollars earned by foreign airlines operating in Nigeria, but which they have been unable to repatriate due to Nigeria’s foreign exchange challenges…

Hope rises as Minister assures release of airlines $464 funds

Posted on August 22, 2022 by Wole Shadare

There seems to be hope for foreign airlines that their over $464 million stuck funds would be released as the Minister of Information, Alhaji Lai Mohammed said the government was working on resolving the matter. Speaking at a tour of Lagos airport, the Minister said relevant authorities of the government have escalated action on the issue assuring that very soon the matter will be history. This is heart-warming for the carriers that had mounted pressure…

Airlink resumes Richards Bay flights next week

Posted on August 19, 2022 by Wole Shadare

Southern Africa’s premier airline will resume scheduled services between Johannesburg and Richards Bay from 19 September 2022. The reinstatement of daily flights follows Richards Bay Airport’s securing of the necessary resources to accommodate scheduled airline services after an enforced 20-month hiatus. “Richards Bay is vital to the economies of KwaZulu-Natal and the entire country. Its viability and development depend on a fully-functioning and efficient transportation system, with air connectivity playing a key role in driving…

How fraud hits airlines from booking, ticketing processes to flight journey-Experts

Posted on August 19, 2022 by Wole Shadare

The 2022 Nigerian Aviation Forum (NAF) featured a number of experts in the aviation industry. The aim of the conference organized by the 7Star Global Institute of Management Science and Technology was aimed at using the vast knowledge of experts to help tackle corruption in the aviation sector. The forum admitted that fraud is a big issue in the aviation industry and experts have likened it to a leaking tank. Some have also said that…

IATA blasts Nigeria as trapped funds hit $464 million

Posted on August 18, 2022 by Wole Shadare

The International Air Transport Association (IATA) has again blasted Nigeria for withholding international airlines funds which it said has hit $464 million. This is coming after Emirates Airlines announced the suspension of all Nigerian routes starting from September 1, 2022, as the carrier said it could not continue flights to Nigeria, lamenting its trapped $85 million. IATA’s Regional Vice-President for Africa and the Middle East, Kamil Alawahdi in a statement on Thursday expressed disappointment with…

SAHCo backs NDLEA on war against drugs

Posted on August 18, 2022August 18, 2022 by Wole Shadare

Skyway Aviation Handling Company PLC (SAHCO) has declared its continuous support for Nigeria’s fight against the peddling of controlled substances. The Managing Director/CEO of SAHCO, Basil Agboarumi stated that SAHCO boasts of well-trained staff that is equipped to know what to look out for according to world best practices before accepting Cargo and are also trained to be cooperative with Government agencies like The National Drug Law Enforcement Agency (NDLEA) assigned to SAHCO’s Import and…

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