Wole Shadare, Author at Aviation metric

Airline industry to cut losses to $47.7b in 2021 from $126.4b in 2020

Posted on April 22, 2021 by Wole Shadare

Significant portion of $3.5tr GDP, 88 million jobs at risk Slow vaccination rate in Africa limits int’l travel The International Air Transport Association (IATA) has estimated that the airline industry is expected to lose $47.7 billion in 2021 (net profit margin of -10.4%), adding that this is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin of -33.9%). Director-General of the clearing house for over 290…

Dana Air Decorates New Captains..Pilot, Cabin crew others receive vaccine

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

Dana Air has decorated new captains on its Boeing 737 aircraft, and other aircraft in its fleet, assuring its staff that it will continue to reward excellence and hard work. Decorating Captain Shina Agbelese and Captain Ademola Akinyemi in Lagos, the Chief Operating Officer of Dana Air, Mr. Obi Mbanuzuo, said it is exciting to see our young Nigerian Pilots performing excellently, and doing amazingly well. It takes a lot to train pilots and with…

Emirates not ruling out need for extra funding

Posted on April 21, 2021 by Wole Shadare

Emirates has enough cash to sit out for the next six to eight months but is not ruling out the need for extra funding if the recovery from the pandemic will take longer. This could be through the UAE government providing more equity or by adding more debt to the balance sheet. “We will discuss this with the government”, Emirates CEO Sir Tim Clark said during an online session of the World Aviation Festival talking…

NCAA: Azman Grounded In The Interest of Aviation Industry

Posted on April 20, 2021 by Wole Shadare

Director-General of the Nigeria Civil Aviation Authority (NCAA), Captain Musa Nuhu, has maintained that the decision to ground Azman Airlines after thorough audit that indicted the carrier over safety issues was not personal, but done in the overall interest of the industry. Nuhu, who spoke at the weekend in Lagos, however, disclosed that what happened to the airline was not a punitive measure, but the regulatory body’s responsibility and duty to guide and work with…

Airlink launches Johannesburg-Livingstone service

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

Restarts Nelspruit-Livingstone route Airlink, the independent Southern African regional airline, will expand its network next month with the launch of its Johannesburg-Livingstone flights, providing travellers with direct access to one of Southern Africa’s most popular tourist attractions – the Victoria Falls. The new service, which will start on May 26, 2021, strengthens the vital commercial connection between South Africa and Zambia provided by Airlink by augmenting Airlink’s daily services between its Johannesburg home base…

MMA2 recovers passenger’s missing N2.3 million

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

An Uyo-bound passenger on Ibom Airline, Mr. George Etuk has commended the Aviation Security (AVSEC) personnel at the Murtala Muhammed Airport Terminal two (MMA2), operated by Bi-Courtney Aviation Services Limited (BASL) after receiving his lost baggage containing the sum of N2, 350, 000 and other vital documents. The incident, according to BASL AVSEC Manager, Mr. Olatubosun Okeowo, occurred while the passenger who just returned from the United States of America was at the terminal to…

Single European Sky Project Faces Collapse, IATA Warns

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

The International Air Transport Association (IATA) has warned that the Single European Sky (SES) project to reform Europe’s air traffic management system faces collapse if European states do not support the European Commission’s proposals to reboot the stalled initiative. “The European Commission has been trying to deliver the benefits of SES since the early 2000s. But state inaction has meant that none of its targets have been met. New legislation, as proposed by the Commission,…

Airline crisis?New airlines emerge from COVID-19 ruins

Posted on April 20, 2021 by Wole Shadare

Many start-ups are emerging from the COVID-19 crisis. There is an old gag within the industry, that says: “How to become a millionaire in aviation? Start as a billionaire!” If that is the situation, how come, many rich people are still interested in a sector that can quickly pauparise them? What is the attraction with the way airlines are springing up, even in COVID-19 era? WOLE SHADARE examines the development Start-ups in difficult times Many…

Special Forex window I’lll save airlines from collapse-United Nigeria Airline chairman

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

His foray into the aviation business did not happen by chance. Several years ago, he tested the murky waters of aviation when the Nigeria Air Force engaged him in international peace operations. The process to acquire B737 aircraft had been completed. Suddenly the process was truncated just before the deal was coming to fruition. Chief Obiora Okonkwo is the man behind start-up United Nigeria Airlines. In this interview with WOLE SHADARE, speaks on how the…

MMA records 1.03 million passengers in Q1 ’21

Posted on April 15, 2021April 15, 2021 by Wole Shadare

Over one million passengers were processed at the Murtala Muhammed Airport, Lagos between January and March according to the Federal Airports Authority of Nigeria (FAAN). This statistics sounds rather encouraging considering the fact that the COVID-19 pandemic is still around; a situation that restricted movements all over the world. Statistics obtained from the FAAN revealed that a total of 323,751 passengers out of which 149,557 passengers and 174,194 passengers arrived and departed through the international…

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