Wole Shadare, Author at Aviation metric

`IATA’s Director-General warns of Airbus-Qatar Airways spat consequences

Posted on June 24, 2022June 24, 2022 by Wole Shadare

Walsh slams Airbus’ decision to revoke order for 50 A321neo aircraft The Director-General of the International Air Transport Association (IATA), Willie Walsh warned that the ongoing dispute between Airbus and Qatar Airways would leave a negative impact on the industry. He made the disclosure at the just-concluded IATA Annual General Meeting (AGM) held in Doha, Qatar. The IATA chief faulted the European aircraft maker’s decision to revoke an order for 50 A321neo aircraft amid…

IATA, ACI Again Clash Over Airport Charges

Posted on June 24, 2022 by Wole Shadare

Airports Council International (ACI)World Director-General, Luis Felipe de Oliveira has hit back at claims made by IATA Director General Willie Walsh that many airports are “addicted to a ‘spend big and cream it off the customer’ mentality.” Felipe de Oliveira called for “collaboration and cooperation” between all aviation stakeholders following a renewed attack by Walsh on airports for raising infrastructure charges. The clash is coming amid insinuations Nigeria, Liberia, Guinea Bissau, Senegal, Bangui, Sierra Leone,…

FG To Upgrade 4 Airports’ Control Towers, NAMA Plans Satellite Demo Flight

Posted on June 23, 2022June 23, 2022 by Wole Shadare

Nigerian Airspace Management Agency (NAMA) is working to upgrade the country’s air traffic management system, including the Safe Tower Project (STP) that was holistically done 10 years ago. The Managing Director of the agency, Mr. Mathew Lawrence Pwajok, stated that four airports, the Murtala Muhammed International Airport, Lagos, the Nnamdi Azikiwe International Airport, Abuja, the Mallam Aminu Kano International Airport (MAKIA), and the Port-Harcourt International Airport, were the aerodromes, which control towers would be upgraded…

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…

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