Wole Shadare, Author at Aviation metric

NUATE decries surge in wet-leasing, labels it threat to Nigerian jobs

Posted on May 1, 2026May 1, 2026 by Wole Shadare

Seeks overhaul of NAMA’s ageing navigational aids The National Union of Air Transport Employees (NUATE) has increasingly raised alarms about the prevalence of wet leasing (ACMI: Aircraft, Crew, Maintenance, and Insurance). While wet-leasing offers a quick fix for domestic airlines facing capacity shortages, it is viewed by organised labour as a structural threat to the long-term viability of the Nigerian workforce and the integrity of safety standards. NUATE’s primary concern centres on the systematic displacement…

Exit Aero Contractors Now, NUATE Tells AMCON

Posted on April 30, 2026April 30, 2026 by Wole Shadare

The National Union of Air Transport Employees (NUATE) has escalated its long-standing grievances over the Asset Management Corporation of Nigeria (AMCON) ‘s oversight of Aero Contractors. In a circular issued on Thursday, NUATE President Ben Nnabue raised several critical alarms regarding the airline’s stability and future under the current receivership model. The union’s latest intervention highlights a deepening rift between the workers and the corporation. Nnabue accused AMCON of refusing to provide the capital injections…

“How Airlines’ Collapse Threatens Nigeria’s Wider Economy”

Posted on April 29, 2026April 29, 2026 by Wole Shadare

President of the Aircraft Owners and Pilots Association, Alex Nwuba, has highlighted the profound multiplier effect that aviation has on a nation’s economy, particularly in a country like Nigeria. He warned that when an airline collapses, the impact is rarely confined to the company itself; it ripples through several critical sectors. Speaking against the backdrop of the volatility in jet fuel and its implications on the fragile state of Nigerian carriers, the speaker said airline…

IATA: Aviation taxes in Africa are 15% higher than the global average

Posted on April 29, 2026April 29, 2026 by Wole Shadare

Accident rate highest among all regions The International Air Transport Association (IATA) has recently intensified its advocacy for African governments to integrate aviation as a pillar of their national economic strategies. Meanwhile, the clearing house for more than 300 global airlines lamented that the cost of doing business in African aviation is high. Removing roadblocks to ease doing business, it noted, is essential for aviation to thrive. A key element of this is the taxes…

Honouring pilots: A global perspective, through the lens of operational excellence

Posted on April 28, 2026April 28, 2026 by Wole Shadare

In commemoration of World Pilot Day (April 26, 2026), Captain Cooker, Director of Operations at OAS Helicopters, shares insights into the realities of aviation, unpacking the discipline and systems that define the profession beyond what the public typically sees. The conversation also comes at a notable moment for the industry, following Nigeria’s recent achievement of a 91.45% aviation safety performance mark, a milestone that reflects continued progress in safety standards, oversight, and operational compliance across…

Aviation fuel volatility: Nigerian carriers on life support

Posted on April 28, 2026April 28, 2026 by Wole Shadare

The Nigerian aviation industry, often described as the local economy’s barometer, is currently screaming “Mayday,” writes WOLE SHADARE What began as a turbulent climb in operational costs has rapidly devolved into a free fall, leaving domestic carriers gasping for air as the price of Jet A1—aviation fuel—skyrockets to an unprecedented N3,300 per litre. For an industry where fuel typically accounts for 40% of operational costs, this 300% surge from just N900 in February 2024 has turned…

Ibom Air to cut capacity over soaring jet fuel

Posted on April 27, 2026 by Wole Shadare

Carrier spends N7.6 million on fuel per flight from N2.1million Citing soaring jet fuel prices in Nigeria, Ibom Air on Monday said it may be forced to reduce flight capacity to continue providing services to its customers. The airline’s statement, signed by Aniekan Essienette, Group Manager, Marketing and Communication, said the fuel price situation is an unprecedented crisis for Nigeria’s domestic airlines, adding that at Ibom Air, the cost of fueling its aircraft has more…

Jet fuel projected to sell between N1,760, N2,037 as FG intervenes

Posted on April 27, 2026April 27, 2026 by Wole Shadare

Following the high-level technical committee meetings, the federal government has officially established a new indicative price framework for Jet A1 fuel. With projections that aviation fuel prices could range between N1,760 and N2,037 per litre, This came following high-level engagements aimed at addressing persistent supply and pricing challenges in the sector. This directive, issued through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), aims to curb the extreme price volatility that saw costs hit…

Stakeholders Warn of Systemic Collapse Over High Cost of Jet Fuel

Posted on April 27, 2026 by Wole Shadare

The Aviation Safety Round Table Initiative (ART) has joined the urgent call for government intervention, addressing a letter to President Bola Ahmed Tinubu and the Minister of Aviation, Festus Keyamo, regarding the skyrocketing cost of Jet A1 fuel. This follows a dramatic surge in prices, which reportedly jumped from N900 per litre in late February to as high as N3,300 per litre by mid-April 2026—a 300% increase in just two months. The group, in a…

Galloping jet fuel: SADC airlines to implement cost recovery, surcharges

Posted on April 27, 2026 by Wole Shadare

The Airlines Association of Southern Africa (AASA) has noted with grave concern the lack of clarity around the availability of jet fuel across the Southern Africa Development Community (SADC) region, beyond next month. Air transport, a crucial pillar of SADC members’ economies, is particularly susceptible to disruptions in fuel supplies because it depends almost entirely on imported crude oil and refined Jet-A1 kerosene. Chief Executive Officer of AASA, Aaron Munetsi, in a statement, said…

« 1 … 23 24 25 26 27 … 627 »