Wole Shadare, Author at Aviation metric

NCAA warns airlines over flight delays, cancellations

Posted on May 17, 2016 by Wole Shadare

Piqued by incessant cancellations, the aviation regulatory body, the Nigerian Civil Aviation Authority (NCAA) has expressed concern over taking passengers for granted with the spate of un-operated flights the country. Several reports from the Consumer Protection Officers (CPOs) and aggrieved passengers have inundated NCAA’s offices from across the nation’s airports. Notwithstanding, the regulatory authority said it is very much aware of the prevailing challenges as regards aviation fuel, saying it is expected that the airlines should…

African carriers to lose $100m in 2016

Posted on May 17, 2016 by Wole Shadare

African airlines are in dire straits as they are likely to lose $100 million in 2016, according to Chief Executive, Airlines Association of Southern Africa (AASA), Chris Zweigenthal. He disclosed this at the three-day Air Finance for Africa summit that ended in Johannesburg, South Africa, last weekend. This is, however, an improvement on the $300 million loss recorded by the continent’s carriers last year. The AASA boss equally lamented that out of 200 African airlines,…

African airlines in intensive ward

Posted on May 17, 2016 by Wole Shadare

This year’s Air Finance for Africa summit ended in Johannesburg, South Africa, with tales of woes trailing airline developments. WOLE SHADARE writes The gathering Global aviation experts, who converged on Johannesburg, South Africa, hinged the growth of the aviation industry on sustainable airline operations. They spoke at the 25th yearly African Aviation Finance Conference with the theme: “Air finance for Africa.” In attendance were some African leaders; representatives of aircraft giants – Boeing; Airbus; –…

FG probes 3000 illegal jobs in aviation

Posted on May 16, 2016 by Wole Shadare

*New flying rule begins July The Federal Government is set to probe over 3,000 jobs that were allegedly done without due process between 2011 and 2013 in the aviation industry. The investigation came hours after the Nigerian Civil Aviation Authority (NCAA) disclosed that the new Nigeria Civil Aviation Regulations (Nig.CARs), promulgated in December 2015, would take effect from July 1, 2016. Already, a circular has been sent to the Chief Executive Officers of all the…

Ojikutu charges NCAA on JET A1 standard

Posted on May 15, 2016May 15, 2016 by Wole Shadare

Aviation security expert, Group Capt. John Ojikutu (rtd) has charged the Nigeria Civil Aviation Authority (NCAA) to draw up standards for Jet-A1 quality assurance, starting with the transportation vehicles type or profile; supply and trucking systems; storage and dispensing systems. He stated that at the moment, vehicles supplying aviation fuel, otherwise known as Jet-A1 are not sufficiently distinct from those supplying other petroleum products. Ojikutu disclosed that the consequence of all these development could result…

New aviation regulation takes effect July 1, 2016

Posted on May 15, 2016May 15, 2016 by Wole Shadare

*FAAN inaugurate runway safety committee The Nigerian Civil Aviation Authority (NCAA) today disclosed that the new Nigeria Civil Aviation Regulations (Nig.CARs) promulgated in December, 2015, will take effect from July 1, 2016. This was contained in a Circular Ref: NCAA/DG/AOL/21/16/01 sent to all airline operators last month. Spokesman for NCAA, Sam Adurogboye stated that whilst all operators are in possession of the copies of the regulations, the interregnum between April and the commencement…

Arik, others to benefit from $20bn Afreximbank loan

Posted on May 11, 2016May 12, 2016 by Wole Shadare

From our correspondent in Johannesburg Nigeria’s flag carrier airline, Arik, and some others within the continent could be injected with funds by the African Export-Import Bank (Afreximbank) to revive their operations, if an arrangement to this effect scales through. To this end, over $20 billion (about N4 trillion) has been earmarked as part of syndicated loans to assist the carriers get out of the woods. Senior Manager, Syndicated and Special Finance Department, Afreximbank, Samuel Mugoya,…

FG suspends five NAMA chiefs under trial

Posted on May 10, 2016 by Wole Shadare

*Shake up looms in agencies Five top officials of the Nigerian Airspace Management Agency ( NAMA ) standing trial for N9.6 billion theft have been suspended from office. With the suspension, the officials ceased to be employees of NAMA pending the determination of their cases. The suspended officials are the Managing Director, Ibrahim Abdulsalam, Director Finance, Clara Aliche, Acting General Manager ICT, Bola Akirinbido, Acting General Manager, Procurement, Muyiwa Adegorite and Acting General Manager…

DOMESTIC AIRLINES RECURRING DEBTS AND THE WAY OUT OF THE IMPASSE

Posted on May 10, 2016May 10, 2016 by Wole Shadare

By JOHN O. OJIKUTU The indebtedness of the Nigeria Domestic Airlines grew up to the present level today because, most of the operators are sponsored by or are sponsors of political office holders in government. With the ‘attitude of we own the government’ most of these operators had no intention of paying for the services rendered to them by the government services providers, despite the Economic Regulation Provisions in the National Civil…

Why African airlines are costly

Posted on May 10, 2016 by Wole Shadare

Performance of the African aviation industry is still lagging behind. A twin problem of costs and safety make air travel impossible to navigate. WOLE SHADARE writes It was predicted that over the period 2010-2015, Africa will be the third fastest-growing region in the world in terms of international traffic with an average growth rate of 6.1 per cent compared to the global average of 5.8 per cent and 7.9 per cent and 6.9 per cent…

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