Wole Shadare, Author at Aviation metric

GCR Upgrades NOVA Merchant Bank’s Rating

Posted on May 24, 2021 by Wole Shadare

Global Credit Rating has upgraded NOVA Merchant Bank’s Long Term Issuer Rating from BBB- to BBB with a stable outlook. The reasons given for the upgrade include the Bank’s strong capitalisation, risk position, liquidity and evolving brand. The upgrade in the Bank’s rating comes shortly after Datapro recently reaffirmed the “A” rating of it’s N10 billion 7-Year Subordinated Unsecured Bond which was oversubscribed by 300% when initially issued. This achievement also follows the recent publication of…

Reps canvass more funding for aviation agencies

Posted on May 24, 2021May 24, 2021 by Wole Shadare

The House of Representatives has sought for more funding of the aviation agencies to enable them cope with the increase in demands for air travel. Chairman House of Representatives Committee on Aviation, Nnolim Nnaji stated this in Abuja on Monday during an interaction between the committee and the heads of agencies led by the Permanent Secretary, Ministry of Aviation, Hassan Musa. The interaction was at the instance of a motion on the urgent need to…

How systemic gaps allowed foreign registered aircraft proliferation-NCAA DG

Posted on May 23, 2021May 23, 2021 by Wole Shadare

70 foreign registered aircraft, 46 active 23 carry Nigeria’s registered mark The Director-General of Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu has admitted that there are some gaps in the system that allows proliferation of foreign registered aircraft operating in the country. He however assured that that the issue would be solved after the review of the Nigeria Civil Aviation Regulation which is before the National Assembly and which becomes a law after…

Msheilla: Illegal charter operators, economic saboteurs

Posted on May 23, 2021May 23, 2021 by Wole Shadare

Lauds NCAA for nabbing culprit, seeks stiffer penalty for offenders More plaudits have come the way of Nigeria’s aviation regulatory body, the Nigerian Civil Aviation Authority (NCAA) for nabbing an illegal charter operator masquerading as simply using his aircraft for private operation. This is coming as Chairman, West Link Airlines, Capt. Ibrahim Mshelia described offenders as economic saboteurs, just as stated that the regulatory agency needed the support of all in order to effectively…

AIB to probe Kaduna crash

Posted on May 23, 2021May 23, 2021 by Wole Shadare

The Accident Investigation Bureau, Nigeria (AIB -N) has been mandated by the Nigerian Air Force (NAF) to lead the Investigation into the crash of a military aircraft that occurred on Friday in Kaduna, in which the Chief of Army Staff died. The Flight Data Recorder (FDR) and the Cockpit Voice Recorder (CVR) from the ill-fated Beechcraft 350 aircraft have been recovered and investigation has commenced. Spokesman for AIB, Mr. Tunji Oketunbi in…

Cardinal Airlines Set To Commence Operations

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

Cardinal Airlines Limited is set to commence domestic and international operations soon according to industry sources. The airline it was gathered is bringing short-haul aircraft such as Embraers and ATRs for cost effectiveness on domestic and regional operations. The application for its air transport licence, sources further revealed has reached advanced stage as the promoters are working round the clock to ensure that the airline resumes domestic operations before the end of the third…

Jet fuel in Nigeria, Africa higher than rest of world-AFRAA

Posted on May 21, 2021 by Wole Shadare

List factors slowing Africa’s aviation growth Decry high taxes, poor connectivity, others African airlines under the aegis of African Airlines Association (AFRAA) have listed imposition of taxes by governments, poor intra-Africa connectivity, high cost of jet A1 which prices is three per cent higher in Africa than in other region as some of the factors stunning the growth of the continent’s carriers. Meanwhile, the clearing house for over 290 global airlines, the…

Ibom, Dana sign historic, ‘game-changing’ codeshare alliance, commence service June 7

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

Ibom Air to acquire two A220 aircraft Months after painstaking brainstorming on the possibility of a domestic codeshare airline pact, history was made today when Ibom Air And Dana inked a codeshare agreement that has become the first ever in the Nigerian aviation industry. The Codeshare alliance will commence full service in June 2021 according to a joint statement by the carriers.. For the Nigerian aviation industry, the collaboration that could ensure stability of the…

Marriottt Hotel Debuts, Opens For Business

Posted on May 20, 2021May 21, 2021 by Wole Shadare

Marriott Hotels, the signature of Marriott Bonvoy’s portfolio of 30 extraordinary brands, yesterday announced its debut in Nigeria with the opening of the highly anticipated Lagos Marriott Hotel Ikeja. The hotel reflects the newest global design vision for Marriott Hotels, featuring sophisticated and intuitively designed spaces for today’s modern traveller, enabling guests to relax, work and find inspiration during their stay. “We are excited to have opened the Lagos Marriott Hotel Ikeja, bringing Marriott Hotels’…

Green Africa bursts unto domestic scene June 24, 2021 with ATR 72-600 aircraft

Posted on May 20, 2021May 20, 2021 by Wole Shadare

Start-up airline, Green Africa has concluded plans to scheduled flight operations. This is coming as the carrier would also begin ticket sales via its website – greenafrica.com ahead of flight operations following pre-sales approvals from the Nigerian Civil Aviation Authority (NCAA). Commercial flights to and from Lagos connecting Akure, Ilorin, Abuja, Owerri, Port Harcourt and Enugu, according to the airline are scheduled to commence from June 24th, 2021. Two ATR 72-600 aircraft (with registrations 5N-GAE…

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