Author: Wole Shadare

  Fuel price up 60% in 11 months   The over 60 percent rise in the price of aviation fuel, otherwise known as JET A1, has continued to put airlines on the edge, just as the cost of operating a one-hour flight is equally rising and has made nonsense of average fares charged by airlines. Many airlines have been voicing concerns about the impact of rising fuel costs – airlines’ largest operating cost item –…

Falana writes Minister, calls for firms’ disqualification to save process A legal firm, Falana and Falana’s Chambers has petitioned the Minister of Aviation, Hadi Sirika to disqualify TAV Consortium, GMR Consortium, and Airport De Paris (ADP), three of the bidders for the concession of the nation’s four major airports for alleged violation of the Infrastructure Concession Regulatory Commission (Est.) Act 2005 and The National Policy on Public-Private Partnership (N4P). The four major airports slated for concession…

Emirates has reduced its half-year-loss and is “well on the recovery path with healthy revenue and a solid cash balance at the end of our first half of 2021-22”, it reported on November 10. The Dubai-airline group reported a net loss of AED 5.7 billion ($1.6 billion) compared to AED 14.1 billion between April and September 2020. Group EBITDA improved to AED 5.6 billion from AED -43 million. Group revenues including dnata were up to AED…

 A staff of Ari Air has been apprehended for soliciting a bribe from a traveller at the domestic wing of the Lagos airport by the Federal Airports Authority of Nigeria (FAAN). Extortion by airline staff and security operatives has become one of the major concerns of the authority as it has promised to arrest any security official and airline officials soliciting bribes, an action that destroys the image of the country. This is coming as…