Wole Shadare, Author at Aviation metric

Jet-A1 Crisis Threatens Airlines As Operators Mull Surcharges

Posted on July 13, 2022 by Wole Shadare

Airfares to “inevitably” increase –IATA There are indications that the astronomical increase in the prices of aviation fuel, otherwise known as Jet A1, could lead the carriers to further adjust airfares. The adjustment could be in the form of fuel tax or surcharge to cushion the effects high cost of Jet fuel on their operations. An airline operator, who spoke to Aviation Metric under strict conditions of anonymity, said the carriers would not have…

When Night Life Returns To Lagos Airport’s Second Runway

Posted on July 12, 2022 by Wole Shadare

The economic consequences of not fixing the Lagos airport 18/L for over 16 years are huge to airlines and the entire aviation value chain, WOLE SHADARE writes Answered prayers For many years, precisely nearly 16 years, the second runway of the Murtala Muhammed Airport, Lagos, operated without airfield lighting. For many years, airline operators struggled and mounted pressure on the Federal Airports Authority of Nigeria (FAAN) to provide light on the second runway popularly referred…

Nigeria, African Airlines Show Signs Of Recovery

Posted on July 11, 2022 by Wole Shadare

African airlines seem to be returning to profitability. The last three years had been excruciating for airlines and the travel industry. It was a crisis that ‘crumbled’ literally the entire global travel industry. But since the relaxation of COVID-19 rules, airlines and the travel trade operators have dusted themselves up by posting fantastic financial results. Although the carriers are not yet back to their pre-COVID- 19 state, they have shown remarkable signs to bounce back….

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…

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