Wole Shadare, Author at Aviation metric

FCM boss, Adejoju harps resilience in corporate travel amid economic downturn

Posted on August 6, 2024 by Wole Shadare

The Managing Director of FCM Nigeria, Adejoju Olutimayin affirmed the need for comprehensive travel management solutions in today’s fast-paced business environment. Speaking at the 28th Annual Conference of the League of Airport & Aviation Correspondents (LAAC) held in Lagos, Olutimayin, who delivered an address on the importance of adaptability and innovation in the corporate travel sector, noted that in a macroeconomic environment marked by uncertainty, highlighted FCM’s commitment to delivering tailored travel solutions that prioritise…

Aviation agencies reel under 50% revenue deduction yoke

Posted on August 6, 2024August 6, 2024 by Wole Shadare

The recent hike in en-route navigational charges by the Nigerian Airspace Management Agency (NAMA) before it was upturned by Minister of Aviation and Aerospace Development, Festus Keyamo may have come as a result of survival pressure. The agencies reel under the 50% deduction yoke, writes, WOLE SHADARE Minister overrules The Minister of Aviation and Aerospace Development, Festus Keyamo’s quick intervention in the hike in en-route navigation charges was very timely as it provided the Nigerian…

Operators laud judiciary for setting aside Nigeria Air project

Posted on August 6, 2024 by Wole Shadare

Airline operators under the aegis of Airline Operators of Nigeria (AON) have lauded the judiciary for upholding justice and what it described as standing for what is right in its delivery of judgment on August 5, 2024, against the purported sale of Nigeria Air shares and the partnership between it and Ethiopian Airlines. Justice A. Alagoa of the Federal High Court sitting in Lagos declared in the judgment that the action, conduct and or decisions…

Minister:Why local insurance firms can’t cover big aircraft

Posted on August 5, 2024August 5, 2024 by Wole Shadare

Minister of Aviation and Aerospace Development, Mr. Festus Keyamo lamented that many of the insurance firms in Nigeria cannot insure many of the aircraft in the fleet of Nigerian airlines. The Minister disclosed to journalists in Lagos that the lack of capacity and the high premiums by the insurance firms had led to a hike in airfares. He disclosed that the new rule of the National Insurance Commission (NAICOM) is that every risk must be placed in…

Overland Begins Direct Lagos, Abuja Direct Flight Services

Posted on August 5, 2024 by Wole Shadare

Overland Airways, Nigeria’s longest-serving domestic airline, announces the commencement of direct flight services from Lagos to Abuja. Beginning on August 9, 2024, Overland Airways will offer regular daily direct flights between Nigeria’s economic hub Lagos and the administrative capital Abuja, operating over 60 weekly frequencies between the two cities to boost capacity on the route. This new service operating with Overland Airways’ brand new Embraer E-175 jets in a two-class configuration of Premium and Economy…

Unions plead with Tinubu over Arik’s crisis

Posted on August 5, 2024August 5, 2024 by Wole Shadare

Unions in the aviation industry have appealed to President Bola Tinubu to intervene in the ongoing crisis at Arik Air following the seizure of one of its aircraft after the Supreme Court granted judgment to businessman, Chief Arthur Eze. In implementing the judgment, the Nigerian Airspace Management Agency (NAMA) grounded the airline’s aircraft last week for indebtedness following the execution of a court judgment. The Nigerian Civil Aviation Authority (NCAA) has denied that the airline’s…

Airports transformation ‘ll boost positive image for Nigeria, says FAAN MD

Posted on August 3, 2024 by Wole Shadare

The Managing Director of the Federal Airports Authority of Nigeria ( FAAN), Mrs Olubunmi Kuku said the deliberate transformations ongoing at Nigerian airports are geared towards enhancing passengers’ experience and boosting a positive image of Nigeria. According to Kuku who spoke during a courtesy visit to her office by the Yinka Folami-led executive Council of the National Association of Nigeria Travel Agencies (NANTA), the key transformation ecosystem also consists of zero tolerance against activities inimical…

Inconsistent unified central data system inhibits aviation, travel policies, growth, says Bernard

Posted on August 1, 2024August 1, 2024 by Wole Shadare

FCM boss, Adejoju harps resilience in corporate travel resilience amid economic downturn The Group Managing Director of Finchglow Holdings, Bankole Bernard has lamented the inconsistent data from various agencies of aviation is impeding industry growth, adding that a central data system would solve 50% of our challenges, providing a reliable foundation for policy formulation and business planning. Bernard made the disclosure last week as one of the panellists at the 28th annual conference of the…

Kuku seeks speedy aviacargo implementation schedule

Posted on August 1, 2024 by Wole Shadare

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kiku has tasked the Aviacargo cargo roadmap committee to immediately submit its implementation schedule, noting that it was of great importance to the government. The coordinator of the Committee Mr. Ikechi Uko had briefed her on the work done so far. He pointed out that Wednesday was the first meeting of the enlarged committee in over 10 months. He thanked the…

IATA: Africa’s 16.9% air travel demand up 16.9%, tops world’s best load factor

Posted on July 31, 2024July 31, 2024 by Wole Shadare

The demand for air travel in Africa rose by 16.9% in June, while capacity was up 5.8% year-on-year, making the continent’s air travel world’s best-improved load factor according to the International Air Transport Association (IATA) which released data for June 2024 global passenger demand. The load factor rose to 77.0% (+7.4ppt compared to June 2023). This was the largest improvement in load factor among all regions. While total demand, measured in revenue passenger kilometres (RPK), was up 9.1% compared to June…

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