Wole Shadare, Author at Aviation metric

Nigeria, Other African Countries’ GDP To Hit $2.7bn From Air Transport Liberalisation

Posted on June 21, 2022 by Wole Shadare

International Air Transport Association (IATA) has said Nigeria and other African countries could realise $2.7 billion as economic benefits in terms of Gross Domestic Profit (GDP) with air transport liberalisation. t added that air trade could increase to $1.5 billion and create 300,000 jobs under the Single African Air Transport Market (SAATM). The SAATM is a flagship project of the African Union Agenda 2063 aimed at creating a single unified air transport market in Africa….

Protectionism as setback for Africa’s aviation industry

Posted on June 21, 2022 by Wole Shadare

The first-ever FAAN National Aviation Conference may have come and gone, but the lessons learnt from the summit should enrich the country’s aviation industry. WOLE SHADARE who was at the summit listened to divergent views of panelists on the Single Africa Air Transport Market (SAATM) and the fear of liberalizing air transport in Africa. These fears can be confronted if Africa truly wants to develop its air transport A burgeoning region Africa is considered a…

Dollar shortage forces Nigeria, others to block airlines’ fund

Posted on June 20, 2022 by Wole Shadare

Liberalisation: IATA predicts $2.7 billion aviation growth for continent The scarcity of foreign currencies, particularly the United States dollars has led to the withholding of foreign airlines’ funds by many African countries according to IATA’s Regional Vice President Africa & Middle East, Kamil Al-Awadhi In summary, the blocking of over $800 million in airlines funds by Nigeria, Ethiopia, Zimbabwe, Eritrea and Algeria, and some other African nations shows that these nations are in…

Global airlines to cut losses in 2022, return to profitability in 2023

Posted on June 20, 2022 by Wole Shadare

The International Air Transport Association (IATA) has narrowed down its estimate for global airlines’ losses in 2022 to $9.7 billion, predicting a possible return to profitability by 2023 as efficiency gains and improving yield offset higher labour and fuel costs, according to its annual estimates. The estimates were released Monday at the annual general meeting of the global industry body. The two-day event is being held in Doha, Qatar. Airlines lost $137.7 billion in 2020….

Held airlines’ $450 million not acceptable, IATA tells Nigeria

Posted on June 19, 2022June 19, 2022 by Wole Shadare

Carriers double fares over blocked fund Country tops four others in trapped funds The International Air Transport Association (IATA) has described as unacceptable the withholding of international airlines’ funds to $450 million. The amount is more than four other African nations put together. Other nations keeping airlines’ funds are Zimbabwe ($100 million); Algeria ($96 million); Ethiopia ($75 million). The funds are proceeds from sales of foreign airlines’ tickets, among others that are…

Qatar Airways reports $1.54 billion net profit, highest in its history

Posted on June 17, 2022 by Wole Shadare

Despite the pandemic-driven challenges, Qatar Airways expanded its network to 140 destinations with new routes and resumed flights to key destinations in Europe, Africa, the Middle East, and Asia. The Qatari flag carrier, Qatar Airways Group reported on Friday the highest net profit in its 25-year history, with $1.54 billion (QAR5.6 billion) registered during the fiscal year 2021-2022. Record growth The results mark a 200% upsurge above the airline’s highest annual profit, with a…

Kenya Airways Scales Up Customer Experience Through New Distribution Solution

Posted on June 17, 2022 by Wole Shadare

Kenya’s national carrier, Kenya Airways (KQ), has announced the launch of a New Distribution Capabilities (NDC) system as part of its indirect sales platform to enhance the airline’s offering to travel agencies and travelers to empower them to sell and access more content and ancillaries like extra baggage and preferred seats. Kenya Airways is the first African carrier to launch the New Distribution Capabilities (NDC) solution retailing at scale in the region. Supported…

How to become professional cabin crew book for launch June 17th

Posted on June 16, 2022June 16, 2022 by Wole Shadare

The founder of Mamaj Aviation Consult Limited, Joy Ogbebo will be launching her first book, “ How to Become a Professional Cabin Crew on Friday, June 17, 2022, at the Nigerian Civil Aviation Authority’s annex at MMIA. According to her, what inspired her to write the book is her passion and mission to groom the next skilled generation of Aviation professionals. Although she has created different platforms to achieve this, like the annual Aviation…

Child drug, sexual abuse worry South African Airways, sponsors essay competition

Posted on June 16, 2022June 16, 2022 by Wole Shadare

South Africa Airways (SAA) in conjunction with Travel & Business News has announced the commencement of entries for the 3rd South African Airways Essay Competition (SAAEC 2022). The competition, which is presently open to secondary school students of all ages, is aimed at entrenching the values of patriotism, love for humanity, selflessness, tolerance, and honesty in the lives of young Nigerians; as well as exposing them to the life and legacy of Nelson Mandela, as…

Thirty-three passengers unhurt as Overland plane grounds to a halt at Lagos airport

Posted on June 16, 2022June 16, 2022 by Wole Shadare

Thirty-three passengers onboard Overland Airways’ flight landed safely following a fire incident that started from one of the engines of the airplane. The incident occurred at about 8 pm on Wednesday when the aircraft from Ilorin to Lagos experienced a high turbine temperature on one of its engines but landed safely with all 33 passengers unhurt. The incident according to the airline occurred in the approach phase of the flight, stating that the crew…

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