Wole Shadare, Author at Aviation metric

Airlines Jettison CBN Rates To Repatriate Funds, Remove Lower Fare Inventory

Posted on July 11, 2022 by Wole Shadare

Foreign airlines with $450 million trapped revenue in Nigeria have removed the lowest base fare from their price inventory and replaced it with higher ones in order to bypass the Central Bank and buy foreign currency in the parallel market. Out of the $450 million about $200 million belongs to one of the airlines (name withheld). The trapped revenue is said to be a result of a forex shortage, a sign that Nigeria is facing…

Kenya Airways holds 46th AGM, business outlook remains optimistic

Posted on July 8, 2022 by Wole Shadare

The Annual General Meeting (AGM) led by Kenya Airways Board Chairman, Michael Joseph, was the Company’s third virtual AGM that presented to the shareholders a review of the audited financial results and business performance for the year ending 31st December 31, 2021. During the meeting, the shareholders adopted all the resolutions submitted in accordance with provisions of the Company’s Articles of Association, The Companies Act, 2015, The Capital Markets Act and its Regulations, including approval…

African airlines’ recovery accelerated with 139% rise in May RPKs

Posted on July 7, 2022 by Wole Shadare

The International Air Transport Association (IATA) today announced passenger data for May 2022 showing that the recovery in air travel accelerated heading into the busy Northern Hemisphere summer travel season. African airlines had a 134.9% rise in May RPKs versus a year ago. May 2022 capacity was up 78.5% and load factor climbed 16.4 percentage points to 68.4%, the lowest among regions. The industry has returned to year-on-year traffic comparisons, instead of comparisons with the 2019…

RwandAir Football Club Visits Lagos For Novelty Match

Posted on July 7, 2022 by Wole Shadare

The official Football team of Rwanda’s National Airline, RwandAir FC, was in Lagos, Nigeria for a football exchange tournament among Corporate Companies with Shell Petroleum Development Company Football Club (Shell FC) and Northern Foreshore Estate Football Club (NFC FC). Mr. Muhamud Wayiga, the Country Manager of RwandAir, Nigeria, was on hand to receive the team upon arrival in Lagos. He said, “The background to this initiative began in 2019 when Shell Football Club travelled to…

Dana Air Bags Award for Corporate Sustainability

Posted on July 7, 2022 by Wole Shadare

Multiple Award-winning airline Dana Air has bagged the Honorary Award for Corporate Sustenance at the 9th edition of the Aviation Workers’ Week and award night held recently at Shehu Musa Yar Adua Centre, Abuja. The award which was presented to the airline by comrade Hector Nnadi, President -of – Council is powered by the Joint Consultative and Negotiating Council of the Ministry of Aviation in recognition of Dana Air’s Corporate Sustenance in the Aviation industry…

High Costs As Albatross To Air Travel In Nigeria, Africa

Posted on July 6, 2022 by Wole Shadare

Frequent air travelers within Africa agree that the cost of air tickets is too high. So serious is this issue that top African aviation stakeholders met penultimate week in Abuja to discuss factors responsible for the high cost of airfares and to come up with suggestions on how to address such factors, writes, WOLE SHADARE Panic response At the just-concluded National Aviation Conference organized by the Federal Airports Authority of Nigeria (FAAN) held in Abuja penultimate…

Experts, stakeholders meet to chart roadmap for Africa’s air transport sector

Posted on July 4, 2022 by Wole Shadare

Experts and key stakeholders from African air transport, trade, and tourism industries converged in Nairobi from 27 June – 01 July at the first-ever African aviation laboratory to develop roadmaps for the sustainability of the air transport sector in Africa. Led and hosted by African Airlines Association (AFRAA) in collaboration with the African Aviation Group (AAIG), the laboratory’s deliberations were grouped into five projects dedicated to seeking out-of-the-box solutions on specific subject areas, including fuel…

Walsh: Bailout for aviation sector not sustainable

Posted on July 4, 2022July 4, 2022 by Wole Shadare

Willie Walsh is the Director-General of the International Air Transport Association (IATA), the clearing house for more than 200 global airlines. The aircraft pilot, administrator, and a former CEO of British Airways speaks to WOLE SHADARE at the end of IATA’s 78th AGM which ended in Doha, Qatar on the slow recovery of African carriers after the COVID-19 pandemic, myriads of problems confronting the aviation sector in the continent and how they can get out of the…

Ministry shortlists bidders for airport concession, hosts bidders conference

Posted on July 1, 2022 by Wole Shadare

The Federal Government is inching toward its airport concession dream as the Ministry of Aviation, disclosed that in line with the Infrastructure Concession Regulatory Commission (establishment, etc.) Act, 2005 the Request for Proposals (RfP) phase of the Nigeria Airport Concessions programme (NACP), commenced on June 1, 2022, shortlisted bidders have since been notified in writing and via the transaction portal (http://www.nacp.aviation.gov.ng/). The RfP stage of the programme according to the spokesman for the Minister of…

Dana Air Introduces More flights on Lagos Abuja routes

Posted on June 29, 2022 by Wole Shadare

One of Nigeria’s leading carriers, Dana Air, has introduced additional flights on its Lagos and Abuja route network. The airline in a statement said the introduction of the additional flights was strictly based on popular demand, the desire to meet the growing demand, and the need to follow through with its strategic route expansion. ”The additional Abuja to Lagos flights will operate at 12:40 pm, 7 pm, and 8.10 pm, while the Lagos to Abuja will…

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