Author: Wole Shadare

African airlines posted an 8 per cent rise in traffic which was matched by an equivalent rise in capacity for the month of September according to the International Air Transport Association (IATA).  Load factor was almost flat at 72.0 per cent. The strong demand increase largely reflected favourable year-ago comparisons, as economic conditions in much of the continent remain challenging. IATA disclosed this when it announced global passenger traffic results for September showing that demand (measured…

*Ethiopian Airlines long haul expansion boosts capacity African carriers saw the fastest rate in nearly two years for freight demand which increased by 12.7 per cent in September 2016 compared to the same month last year Capacity surged year-on-year by 34 per cent on the back of long-haul expansion in particular by Ethiopian Airlines and North African carriers, according to the International Air Transport Association (IATA). In a data released for global air freight markets…

There are indications that the Federal Government is not disposed to assisting Nigerian carriers through another round of bail out, as pressure mounts on government to do so. Woleshadarenews learnt that the airlines under the aegis of Airline Operators of Nigeria (AON) had written many petitions to government to consider fresh bail out for them, which it has turned down with condition that they would be subjected to periodic financial audit of their books at…

MD Overland Airways Capt. Edward Boyo (2nd left) congratulating Engr. Saleh Dunoma, MD FAAN/new President Airports Council International (ACI-Africa), along with Director Human Resources FAAN, Hajia Salamatu Umar-Eluma and other officials.  

  While Foreign Carriers Are Withdrawing Their Services, Nigerian Airlines Should See It As An Opportunity To Win Back The Market But They Lack The Wherewithal To Do So. WOLE SHADARE Reports Awaited opportunity In a normal situation, the exit of foreign airlines from Nigeria should have been welcomed with so much joy because the scaling down of international carriers’ operations or stoppage of service to the country or some routes in Nigeria should have…

*Carrier unfolds expansion plans at 10th anniversary   *Airlifts 19.5 million pax in 10 years   Nigeria’s flag carrier airline, Arik said it has deployed diplomatic option to get its trapped $4.5 million of its funds trapped in Luanda, Angola just as there are indications that the carrier also has almost the same amount of money trapped in Sierra Leone. Chairman of Arik Air, Sir Joseph Arumemi-Ikhide made the disclosure woleshadare.net on the side-lines of a…

The difficulty in getting flight rights, devaluation of the naira and foreign issues are some of the major factors inhibiting the operations of airlines in Nigeria – especially the foreign carriers, Country Manager for Turkish Airlines in Nigeria, Tarkan Ince, has said Ince, who spoke with WoleshadareNews in Lagos, noted that foreign exchange problem experienced by many foreign carriers operating to Nigeria is causing huge problems to airlines. Converting naira to US dollar and transferring…