Author: Wole Shadare

The tough economic reality faced by the country has reduced capacity on routes, as fourth quarter 2015 saw air traffic decline by -nine per cent. And with the recent hike in air fares, Nigerian airlines may default on loans obligation, according to Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane. Rewane, who made this disclosure in his monthly economic news and views, said that the global airline share prices dropped by 11.6…

In furtherance of its continued commitment to youth empowerment across the country, Dana Air has supported the United Nations International Youth Day Celebration in Uyo, Akwa Ibom State.   Tagged: ‘Youth Leading Sustainability with special focus on eradication of poverty globally in 2030 through sustainable consumption and preservation,  the United Nations International Youth Day, is observed annually on 12 August. It is an opportunity for governments and others to draw attention to youth issues worldwide. According to the accountable Manager of…

In any depressed economy, air operators naturally try to cut corners (even in the USA and UK). It takes a vigilant regulator and active checks and balances to prevent such practices from becoming the norm. WOLE SHADARE writes Nigeria, others in recession Nigeria is not the only nation hit by economic recession. Many countries are also in that situation but how countries get out of it is one that has dominated headlines. Aviation like every…

Skyway Aviation Handling Company Limited (SAHCOL) has commenced the provision of handling services for the 2016 Hajj operations, with the take off of  Medview Airlines B747-400 aircraft first flight from the Murtala Muhammed International Airport Hajj/Cargo Terminal to Saudi Arabia with about 450 pilgrims. Spokesman for SAHCOL, Basil Agboarumi said the firm shall be providing total ground handling services, covering Ramp, Passenger and Baggage to the three officially accredited airlines (Medview Airline, Max Air and…

……. As Company Assures Investors   The Nigerian Aviation Handling Company Plc (nahco aviance) is establishing itself at the forefront of facilitating the ongoing airlift of thousands of pilgrims to Saudi Arabia, even as it assures investors and stakeholders that it continues to operate at full swing to bring value to shareholders funds. As part of the current operation which started off in the country at the weekend, it is estimated that NAHCO will handle…

The biggest problem airlines are contending with in terms of maintenance is the high cost of C-Check, which has compelled some carriers to abandon their airplanes in countries of repairs.   The Chief Executive Officer of Aero Contractors, Capt. Fola Akinkuotu, made this disclosure at the weekend in Lagos. Aircraft maintenance checks are periodic inspections that have to be done on all commercial/ civil aircraft after a certain amount of time or usage. Airlines periodically…

  *Power glitch grounds Delta’s 300 flight world-wide *Flight fails to land in Lagos   Delta Airlines flights worldwide including those coming to Nigeria were grounded due to a computer failure. WoleshadareNew visited the Lagos airport at 5pm, today, the airline which aircraft lands at Lagos was yet to arrive as passengers are frantically getting to be re-booked.     Passengers pack in to the Delta Airlines boarding area at McCarran International Airport in Las…