Author: Wole Shadare

  90% work force proceed on leave without pay from May 1 As airlines’ cash reserve dries up, Nigeria’s flag carrier airline, Arik is showing vulnerability to COVID-19 pandemic as the airline has taken drastic measure to avoid the drop into extinction. Consequently, the carrier in a statement by its Chief Executive Officer, Capt. Roy Ilegbodu said after careful deliberation and analyses, management has decided to implement an 80 per cent pay cut for all members…

  Propose tax waiver, bank grant moratorium for six months     The Institute for Tourism Professionals of Nigeria (ITPN) has urged the Federal Government to accord priority and prime attention to the tourism industry in all its economic stimulus, palliative and intervention initiatives to cushion as well as bring productive stability in the national economy that has suffered summersault due to the Covid-19 global pandemic. In a statement made available to Woleshadarenews, the National President…

The House of Representatives Committee Chairman on Aviation, Nnolim Nnaji has stressed the need for a special intervention fund for the air transport sector to cushion the post covid-19 impact on the industry. Nnaji suggested a single digit interest loan for indigenous airline operators and special Federal Government grant to the Federal Airports Authority of Nigeria, (FAAN), Nigerian Airspace Management Agency  (NAMA) and the Nigerian Meteorological Agency, (NIMET) to help them in the planned facilities…

  Wants passenger airplanes conversion for  cargo operations A United States Federal Aviation Administration (FAA) and Nigerian Civil Aviation Authority ( NCAA) Licensed Flight Dispatcher and Ground Instructor , Mrs Victoria Jumoke Adegbe has prescribed recovery for indigenous carriers as global aviation navigates it way out of COVID -19. Adegbe said many Nigerian carriers were showing suicidal symptoms as some of them could barely meet their obligations with disclosure that they would not pay workers…

  Some airlines are at risk of insolvency. WOLE SHADARE writes that recovering lost tickets from them would be complicated Fight for survival The fight to survive the Covid-19 crisis is pitting airlines across the globe against their grounded customers. Airlines have been told to refund airfare to passengers whose flights have been canceled during the outbreak of Covid-19, the U.S. Transportation Department ordered on Friday. This is receiving a growing number of complaints from people who…

  Aero MD, Sanusi debunks N10b sold tickets in three months The Managing Director of Aero Contractors, Capt. Ado Sanusi said the Nigerian aviation industry faces bigger challenge post COVID-19 pandemic. Sanusi who spoke to Woleshadarenews said it remains to be seen what the airlines would do to restore passengers’ confidence which he admitted will be at the lowest ebb by the time the world is done with the pandemic. He also debunk insinuations that…

   Want waiver on taxes, levies, others for 180 days     Airline operators under the aegis of Airline Operators of Nigeria (AON) said there is need for government to begin to put in place measures that will guarantee the survival of airlines, describing the sector as the main catalyst and a pivot to the quick recovery of the Nigerian economy. While appreciating the Central Bank of Nigeria (CBN) approval of N1.1Trillion stimulus and the…

  The Federal Government has extended the closure of airports in the country by two weeks due to the coronavirus pandemic. Minister of Aviation, Hadi Sirika, disclosed this on Monday. TheFederal Government shut all international airports in the country on Monday, March 23 for one month. Subsequently, the President, Major General Muhammadu Buhari (retd.), had extended the closure to all local airports in the country while announcing 14-day lockdown in Abuja; Lagos and Ogun States on…