Wole Shadare, Author at Aviation metric

Airline industry not cash cow, IATA knocks group’s proposal for domestic revenue drive for developing nations

Posted on July 4, 2025July 4, 2025 by Wole Shadare

The International Air Transport Association (IATA) has expressed its deep disappointment at the recommendation of the Global Solidarity Levies Task Force (GSLTF) to target air transportation with its aim to “improve domestic revenue mobilization of developing countries and support international solidarity (in particular with regards to climate change mitigation and adaptation, pandemics and other development challenges).” A visibly upset Director-General of IATA, Willie Walsh said the airline industry is an economic catalyst, not a cash…

SAA promotes routes beyond Johannesburg, showcases Mauritius

Posted on July 2, 2025 by Wole Shadare

In line with repositioning itself as a network carrier promoting routes beyond Johannesburg, South African Airways (SAA) recently organised a Networking lunch with Top CEO’s of the travel trade and showcasing Mauritius as a potential holiday and special activities destination for Nigerian travellers. Expressing excitement about the Mauritius route, Mrs. Leke Bamtefa, SAA’s Country Manager, said, “Today’s event is about exposing our top travel trade partners to the various opportunities that abound in Mauritius as…

Arik Debt: Amid Drama, Cross-Examination Of Jega, Ex-AMCON ED Continues In October

Posted on July 2, 2025 by Wole Shadare

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos State, on Tuesday adjourned the trial of Ahmed Kuru, a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), and four others over alleged fraud amounting to N76 billion and $31.5 million. She adjourned the case till October 15 and 17, 2025. Ahmed Kuru is facing trial alongside Capt. Roy Ilegbodu, Managing Director of Arik Air; Kamilu Omokide, Receiver Manager of…

Reprieve as dry-lease option beckons for carriers

Posted on July 2, 2025July 2, 2025 by Wole Shadare

Prospecting in the African continent is difficult ostensibly operating with barely enough working capital. With the Federal Government’s softening of the ground again for dry-leases, WOLE SHADARE writes that it is imperative to take advantage of these lease arrangements to empower Nigerian airlines Reprieve Nigerian airlines face a huge reprieve from aircraft lessors as they are prepared to return to favourable aircraft lease arrangements with dry leases. The willing carriers are set to return to a cost-effective way…

Ethiopian Airlines second daily flight to Lagos move to open country for business-Perm Sec

Posted on July 2, 2025July 2, 2025 by Wole Shadare

….Airline unfolds plans to support tourism in Nigeria Permanent Secretary, Ministry of Aviation and Aerospace Development, Dr. Ibrahim Kana, said the second daily flight frequency, given to Africa’s most profitable airline, Ethiopian Airways, to Lagos from Addis Ababa, Ethiopia, bringing the airline’s frequency to 14 weekly flights, shows the country’s preparedness to open itself to business. Kana who received the B737Max aircraft that touched down at the Murtala Muhammed International Airport, Lagos at about 7.30…

LAAC 2025: Keyamo, AMCON CEO, Sabre Chairman, to Lead Discussions on Aviation Financing in Nigeria

Posted on June 30, 2025 by Wole Shadare

…29th Annual Conference Set for 7 August 2025 in Lagos …Keyamo to Attend as Special Guest of Honour, Najomo to Deliver Regulatory Goodwill Message …Expert Panel Drawn from Across the Aviation Value Chain The League of Airport and Aviation Correspondents (LAAC) has announced a distinguished line-up of top industry leaders, financial experts, regulators, and policymakers for its 29th Annual Conference, scheduled to hold on Thursday, 7 August 2025, at The Providence Hotel, GRA Ikeja,…

African airlines cargo market dips 2.1%, 9.5% increase in travel demand

Posted on June 30, 2025June 30, 2025 by Wole Shadare

The International Air Transport Association’s (IATA) latest analysis of demand and capacity in the global air cargo market, based on year-on-year comparative traffic and capacity data for May 2025 vs May 2024, saw a 2.1% year-on-year decrease in demand for air cargo for African airlines While African airlines saw a dip in air cargo traffic, the carriers increased their cargo capacity by 2.7% year-on-year, achieving a 42.2% Cargo Load Factor (percentage of capacity taken up…

FCM Nigeria wins travel industry ‘Oscars’ as Nigeria’s leading Travel Management Company at World Travel awards

Posted on June 30, 2025 by Wole Shadare

In a remarkable testament to innovation and excellence in an industry traditionally bound by convention, FCM Nigeria has achieved a groundbreaking milestone by securing the coveted title of Nigeria’s leading Travel Management Company at the World Travel Awards 2025. This prestigious recognition, often hailed as the “Oscars of the travel industry,” represents a defining moment for both the company and Nigeria’s position on the global travel management stage. Group Msnaging Director of Finchglow Holdings, Bankole…

Jega, EFCC witness recants, says Arik N85 billion loan not performing since inception

Posted on June 30, 2025 by Wole Shadare

A former Executive Director, Credits at Asset Management Corporation of Nigeria (AMCON), Mr. Muhammed Abass Jega has disclosed that the Arik debt in AMCON, which was onboarded at the time he served as Executive Director, fell within the category of non-performing loan as categorised by the regulatory agencies in the country. He stated this during cross-examination at the ongoing criminal trial at the Special Offences Court presided over by Justice Mojisola Dada. The matter, which…

Rano airplane suffers engine failure, smoke in cabin, flight deck mid air

Posted on June 30, 2025June 30, 2025 by Wole Shadare

A Rano aircraft with registration number 5N-BZY experienced failure on its engine 1 as smoke was noticed in the cabin and flight deck. Oxygen masks were donned. The appropriate safety protocols were initiated on the ground for landing. Smoke dissipated. The pilot safely landed the aircraft without incident. The NCAA Directorate of Airworthiness instructed that the aircraft remain grounded until the conclusion of investigations. The NCAA noted that the rescue aircraft that was to airlift…

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