Wole Shadare, Author at Aviation metric

Blocked funds: Bangladesh, Lebanon, Nigeria top countries as trapped money hits $601 million in Africa

Posted on July 21, 2021July 22, 2021 by Wole Shadare

IATA faults stockpiling of vaccines by rich nations while continent lacks Wants Govts’ to listen to WHO The International Air Transport Association (IATA) , the clearing house for global airlines, has disclosed that over $601 million of airlines funds are trapped in some African countries; a situation that has negatively impacted carriers operating into the continent. Nigeria is listed among the countries that are keeping foreign airlines’ funds. On top of this…

How Africa can grow her aviation industry – ICAO

Posted on July 21, 2021 by Wole Shadare

Africa has 731 airports and 419 airlines with an aviation industry that supports around 6.9 million jobs and $80 billion in economic activity. The International Air Transport Association (IATA) equally alluded to the fact that the continent is set to become one of the fastest growing aviation regions in the next 20 years with an annual expansion of nearly 5%. To buttress the claim, the International Civil Aviation Organisation (ICAO) Secretary-General Dr. Fang Liu has…

Airbus delivers first A350 from its plant in China

Posted on July 21, 2021July 21, 2021 by Wole Shadare

Airbus has delivered the first A350 from its wide-body completion & delivery centre in Tianjin (C&DC), China, taking additional steps in the expansion of its global footprint and long-term strategic partnership with China. The A350-900 aircraft was delivered to China Eastern Airlines, the largest Airbus operator in Asia and second largest in the world. At the end of June 2021, China Eastern Airlines operated an Airbus fleet of 413 aircraft, including 349 A320 Family aircraft,…

Africa’s jet hull losses decreased in six years-BAGAIA

Posted on July 18, 2021July 18, 2021 by Wole Shadare

BAGASSO seeks RAOI, BAGAIA pact on regional safety oversight THE Banjul Accord Group Aviation Safety Oversight Organization (BAGASOO) has called for deeper partnership between the Regional Accident Investigation Organization (RAIO) Banjul Accord Group Accident Investigation Agency (BAGAIA) and a Regional Safety Oversight Organisation (RSOO) BAGASOO This is just as BAGAIA has said that Africa has had fewer hull losses in the past six years owing to sharing of information and capacity among member states…

Bitter-sweet topsy turvy African airlines

Posted on July 16, 2021July 16, 2021 by Wole Shadare

Many years ago, African airlines dominated the skies of Africa. Gross mismanagement and corruption saw the end of promising airlines like Nigeria Airways, Ghana Airways, Air Afrique, and others that connected the continent. Worried by the situation, leaders in the continent have continued to pursue the revival of national airlines despite the turbulence occasioned by COVID-19 and the serious financial dire straits the airline industry is confronted with. Bitter-sweet topsy turvy African airlines Aside from that, many African state-owned airlines have…

Shareholders Laud NOVA’S Growth Trajectory, Approve N800M Dividend

Posted on July 15, 2021 by Wole Shadare

NOVA Merchant Bank held its 4th Annual General Meeting in Lagos where shareholders commended the board and management for its impressive performance over the years. At the meeting held on the 30th of June 2021 at the Head Office, No. 23 Kofo Abayomi Street Victoria Island, shareholders approved the payment of N800m as dividend for the 2020 financial year and urged the Bank to continue the growth trajectory notwithstanding the current challenging macro-economic environment. While presenting…

Tax not solution to aviation sustainability-IATA

Posted on July 14, 2021 by Wole Shadare

The International Air Transport Association (IATA), the clearing house for over 290 global airlines has warned that the reliance on taxation as the solution for cutting aviation emissions in the EU’s ‘Fit for 55’ proposal is counter-productive to the goal of sustainable aviation. The body further stated that EU policy needs to support practical emission reduction measures such as incentives for Sustainable Aviation Fuels (SAF) and modernization of air traffic management. “Aviation is committed to…

United Airlines invests in 19-seat electric aircraft – set to fly by 2026

Posted on July 13, 2021 by Wole Shadare

United Airlines Ventures (UAV) announced today it, along with Breakthrough Energy Ventures (BEV) and Mesa Airlines, has invested in electric aircraft startup Heart Aerospace. Heart Aerospace is developing the ES-19, a 19-seat electric aircraft that has the potential to fly customers up to 250 miles before the end of this decade. In addition to UAV’s investment, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft, once the aircraft meet United’s safety, business and operating requirements. Mesa…

Flight Delays, Cancellations: Tightening Noose On Airlines

Posted on July 13, 2021July 13, 2021 by Wole Shadare

Nigeria is witnessing a new normal in flight delays and cancellations. The double whammy is taking the joy out of air travel. WOLE SHADARE writes that at their core, airlines promise a simple service — timely transportation — yet they make little progress toward improving that basic offering Sirika worried, kicks The pronouncement by the Minister of Aviation, Hadi Sirika, last week, that passengers whose flights are delayed by over two hours are bound to…

Kenya Airways Launches Time to Think Service for Customers

Posted on July 13, 2021 by Wole Shadare

Kenya Airways PLC (KQ) has launched its Time to Think service that offers customers additional time before they make payments for their bookings. Customers will be able to book their flight and place the booking “on hold” for up to 21 days before they can make their payments. In addition, the product offers customers protection from ticket price increases and a way to avoid penalties in case of adjustments in their travel plans. The airline has focused on creating a model that…

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