Wole Shadare, Author at Aviation metric

Green Africa recounts not too pleasant experience one year after operations

Posted on August 12, 2022August 12, 2022 by Wole Shadare

Lists high jet fuel, forex fluctuation, others as sector’s problem Gives 365 free tickets to customers Green Africa has relived its experience in the tough aviation industry one year after starting scheduled passenger operations, attributing its survival and success to the support and patronage it has enjoyed in the past 365 days from its loyal clientele and other stakeholders. The carrier in a statement said it had weathered many challenges in the difficult…

Aero goes into JV with UMZA Air, acquires aircraft, repositions

Posted on August 11, 2022August 11, 2022 by Wole Shadare

Aero Contractors, Nigeria’s oldest aviation company has taken delivery of the first set of two Dash-8 (Q-400) aircraft this afternoon at the Nnamdi Azikwe International Airport, Abuja. The Nigerian registered aircraft owned by UMZA Air will be operated by Aero Contractors under a joint venture agreement between both parties. The Dash 8 aircraft is one of the most fuel-efficient and modern aircraft in the market and has a capacity of 74 seats. The second…

We sell tickets in Naira for journeys originating from Nigeria-SAA

Posted on August 11, 2022 by Wole Shadare

South African Airways (SAA) said contrary to some reports (Not Aviation Metric) that the carrier has begun to sell tickets in dollars, the carrier clarified that tickets are still sold in Naira for journeys originating from Nigeria to South Africa. A top official of the airline who spoke to Aviation Metric under a condition of anonymity said SAA is not selling tickets in dollars in Nigeria, adding that tickets are still been sold in…

Trapped funds: SAA issues fresh modalities for tickets sale in dollars

Posted on August 9, 2022August 9, 2022 by Wole Shadare

The withholding of foreign airlines’ over $450 million funds by the Central Bank of Nigeria (CBN) is seriously affecting the carriers as South African Airways (SAA) is adjusting its tickets from Naira to Dollar with the ease of allowing its funds to remain in her country rather than go through the process of the difficulty in repatriating its funds from Nigeria. Consequently, the carrier in a statement to its trade partners said from Wednesday, August…

Airbus delivered 46 jets in July, books big China order

Posted on August 9, 2022 by Wole Shadare

Aircraft giant, Airbus delivered 46 jets in July, bringing physical deliveries so far this year to 343 aircraft – just under halfway towards the planemaker’s revised full-year target of 700. Airbus also said in a monthly update that it had formally booked a major order for almost 300 jets from the main airlines in China, announced last month. [L1N2YI0M4] However, it canceled orders for four A350s from Aeroflot, representing 30% of the outstanding orders for…

FAAN, NCC sign MoU to curb piracy at airports

Posted on August 9, 2022 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) and the Nigerian Copyright Commission (NCC) have signed a Memorandum of Understanding (MOU) to curb sales of pirated copyright materials at airports across the country. The NCC Director-General, Dr. John Asein, and the FAAN Managing Director, Captain Hamisu Yadudu, signed the MoU in Abuja. This was contained in a statement issued on Tuesday by the NCC Director, Public Affairs, Vincent Oyefeso. Asein thanked FAAN for supporting the commission’s…

Low-cost airlines in Nigeria remain impractical amid galloping costs

Posted on August 9, 2022 by Wole Shadare

Not a few have shrugged off the idea of ‘low-cost airlines’, saying it made little business sense in the context of dwindling revenue of airlines in Nigeria and Africa at large, writes, WOLE SHADARE Tough clime Africa is an expensive place for airlines to do business. Having the right fleet strategy, access to finance, and a harmonised regulatory system are all crucial for air transport to develop. The potential that Africa possesses for air services is…

Aviation: Why Nigeria Records Low Accident Rate – AIB Chief

Posted on August 9, 2022 by Wole Shadare

The aviation regulatory oversight in Nigeria has seriously improved a situation that has contributed to the low number of accidents compared to a period when aircraft falling off the sky was a regular occurrence, according to Commissioner, Accident Investigation Bureau (AIB), Akin Olateru, an aircraft engineer. Olateru, who spoke on the sidelines of a recently held 26th aviation media summit in Lagos, disclosed that Nigeria has had the best aviation safety record in the…

Air Peace quits Jo’burg over worsening forex scarcity, visa hiccups

Posted on August 8, 2022August 8, 2022 by Wole Shadare

SAA sole operator on lucrative route That all is not well with the country’s aviation sector is manifesting as Nigeria’s flag carrier, Air Peace has stopped flight services to Johannesburg, South Africa. The airline’s Johannesburg operations will be suspended till October 8, 2022. The carrier in a statement on Monday said the development was regretted but has become inevitable due to the delayed issuance of South African visas to travellers, worsening forex crunch and the…

Stakeholder Charts Path To Remedy Aviation Sector’s Woes

Posted on August 8, 2022 by Wole Shadare

The effects of unremitted funds to foreign airlines would continue to lead to high airfares, according to the Chairman, Finchglow Holdings, Mr. Bankole Bernard. The Federal Government, through the Central Bank of Nigeria (CBN), is withholding over $450 million in funds belonging to the carriers, a situation that has posed a serious problem to the operations of the carriers. He equally lamented that the voluntary suspension of operations of Aero Contractors and the grounding of…

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