Wole Shadare, Author at Aviation metric

Double Whammy For Airlines, Passengers Over Trapped Funds

Posted on August 2, 2022 by Wole Shadare

Airlines and travelers are beginning to see the repercussion of over $450 million in carriers’ monies trapped in the country. Emirates Airlines has cut down capacity on the Nigerian route, while other carriers are likely to follow the trend. Airfares have gone up as a result of the action to keep their funds; job losses loom just as travel agents also feel the brunt, writes WOLE SHADARE Dire situation The situation is very dire…

Kila Seeks Special Bank For Airlines, Aviation Infrastructure

Posted on August 2, 2022 by Wole Shadare

Worried by the crisis rocking the aviation industry in Nigeria, the Director, Centre for International Advanced and Professional Studies (CIAPS), Prof. Anthony Kila, has called for the creation of a special bank dedicated to the funding of aviation infrastructure and for the carriers, which are going through turbulent times. Kila, who spoke at the just concluded League of Airports and Aviation Correspondents (LAAC) at the weekend, said it was necessary to make airlines have easier…

Nigerian airports have landing aids, NAMA MD affirms

Posted on August 1, 2022August 1, 2022 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) has affirmed that all Federal and State Government owned airports in the country have approach and landing navigational aids, as well as Satellite Based Performance Based Navigation procedures that can enable aircraft to operate at any time of the day in these airports. Making this revelation in Lagos at the 26th annual conference of the League of Airport and Aviation Correspondents (LAAC), which was held at the Sheraton Hotels…

NAHCO Plc turnover up by 44%, pays N665 million dividend to shareholders

Posted on July 31, 2022 by Wole Shadare

Nigerian Aviation Handling Company Plc (NAHCO Plc) held its 41st Annual General Meeting (AGM) in Lagos on July 29, 2022. At the AGM, which was held both physically as well as virtually, the Board of the company informed Shareholders that the group turnover stood at N10.2 billion, representing a 44% improvement over the 2020 financial year performance, despite the effect of the Covid-19 pandemic on its operations. As a reward for their continued trust and…

NiMet commences evaluation of 2022 SCP

Posted on July 31, 2022 by Wole Shadare

The Nigerian Meteorological Agency (NiMet) has begun the scientific evaluation of its 2022 Seasonal Climate Prediction (SCP). The exercise is an annual event carried out by a task team constituted by NiMet Director General Prof. Mansur Bako Matazu upon assumption of office in 2021. According to the Team Coordinator, Mr. Haruna Zakari, the task team is mandated to evaluate the predicted onset period, the Little Dry Season based on the areas affected as…

Photos: Winners At The 3rd South African Airways Essay Competition (SAAEC 2022) On Protecting Children From Illicit Drugs and Sexual Abuse

Posted on July 31, 2022July 31, 2022 by Wole Shadare

More airlines to take ‘drastic’ action, weigh options over trapped funds

Posted on July 30, 2022 by Wole Shadare

BA, Emirates, Delta, United make up 80% $450 million trapped fund, NANTA pleads with FG Faced with the enormous amount of funds trapped in Nigeria, foreign airlines are monitoring the situation that could see them cut down drastically on their flight services. The trapped revenue is said to be a result of a forex shortage, a sign that Nigeria is facing serious financial challenges. The action has technically made airfares on…

Olowo backs airlines to raise fares to match cost of operation

Posted on July 28, 2022 by Wole Shadare

President, Aviation Safety Round Table Initiative ( ASRTI) Dr Gabriel Olowo has backed airlines to charge fares that are commensurate with their cost of operations, adding that the astronomical prices of Jet A1 also known as aviation fuel, it has affected airline operations and finances. This is just as he has called for increased vigilance of the Nigerian Civil Aviation Authority (NCAA), stressing that a price increase is better than negotiating safety by cutting corners….

Nigeria’s system threatens airlines’ survival-Ibom Air’s COO

Posted on July 28, 2022July 28, 2022 by Wole Shadare

The Chief Operating Officer, Ibom Air, George Uriesi said the operational environment in Nigeria would make airlines not survive, adding that the system makes it impracticable for the survival of carriers. Uriesi made the disclosure amid the precarious situation airlines in Nigeria are going through just as global carriers are reeling under difficulty in sourcing jet fuel including the economic recession that has hit the airline industry. He made this statement while presenting a paper…

Africa needs 67, 000 pilots, technicians, cabin crew to solve manpower problems

Posted on July 28, 2022July 28, 2022 by Wole Shadare

Pilot shortage hit Nigeria, others Nigerians stranded as Lufthansa ground crew embark on strike Aircraft giant, Boeing has raised concern over the dearth of pilots, technicians, and cabin brew as the plane maker In its 2022-2041 Pilot and Technician Outlook (PTO), Africa is set to need 20,000 pilots, 21,000 technicians, and 26,000 cabin crew. In Nigeria, the scarcity of skilled manpower to replace the aging workforce is putting the country’s aviation industry on the…

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