AfDB unveils regional Sukuk platform to finance continent’s aviation

AfDB unveils regional Sukuk platform to finance continent’s aviation

  IATP to de-risk investments, to attract private, institutional capital   The African Development Bank Group (AfDB) has officially launched the Integrated Aviation Transformation Program (IATP), a major continent-wide initiative designed to address the structural bottlenecks and high costs that have historically hindered African aviation. Unveiled during the Airlines, Capital and Connectivity Forum in Nairobi (held February 25–26, 2026), this platform aims to mobilise billions of dollars to modernise the sector and improve regional connectivity….

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Turkish Airlines Becomes Launch Partner of Google for Next-Generation Baggage Locating Experience

Turkish Airlines Becomes Launch Partner of Google for Next-Generation Baggage Locating Experience

Turkish Airlines, the airline flying to more countries than any other, has entered into a collaboration with Google, marking yet another milestone in its digital transformation journey aimed at enhancing the travel experience for its guests. As a launch partner of Google’s new Find Hub “share item location feature, Turkish Airlines now accepts Find Hub-generated location links as part of its official baggage recovery process, enabling faster and more efficient resolution for guests with misplaced…

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FAAN builds on momentum for cargo/freight centre, Abuja second runway, others

FAAN builds on momentum for cargo/freight centre, Abuja second runway, others

Positions Abuja airport for growth, holds stakeholders meeting   Building on the strategic momentum from the first quarter of 2026, the Federal Airports Authority of Nigeria (FAAN) has moved from dialogue to implementation. The recent stakeholders meeting served as a launchpad for a multi-billion-naira infrastructure roadmap, specifically targeting the expansion of Nigeria’s air cargo capacity and the modernisation of its primary hubs. Consequently, FAAN has officially unveiled plans for a state-of-the-art dedicated cargo facility designed…

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Source: How pressure from Finance Ministry caused FAAN’s cashless policy setback

Source: How pressure from Finance Ministry caused FAAN’s cashless policy setback

The pressure from the Ministry of Finance, through a memo to the Federal Airports Authority of Nigeria (FAAN), for a March 1, 2026, deadline, without adequate preparation and infrastructure for the cashless policy at the two major airports in Lagos and Abuja, has been attributed to a catastrophic failure of the entire process. A source who was privy to the memo between the office of the Ministry of Finance but who pleaded anonymity because he…

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Tinubu halts FAAN’s cashless policy amid pain for airport users

Tinubu halts FAAN’s cashless policy amid pain for airport users

President Bola Tinubu on Wednesday ordered the immediate suspension of the Federal Airports Authority of Nigeria (FAAN) cashless policy. The directive was announced by the Minister of Aviation and Aerospace Development, Festus Keyamo, following a Federal Executive Council (FEC) meeting at the State House in Abuja. The policy, which was fully implemented on March 1, 2026, caused massive vehicular gridlock at major hubs such as Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport…

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Iran/Israeli Crossfire: Triggering ricochet effect in airlines’ boardrooms

Iran/Israeli Crossfire: Triggering ricochet effect in airlines’ boardrooms

The war’s ricochet effect is being felt in boardrooms from Atlanta to Tokyo, from the Gulf Region to Africa.  Jet fuel prices have surged by 8% in 48 hours, and global cargo supply chains, already strained, are bracing for a massive backlog of high-value electronics and perishables usually moved through Gulf hubs, writes WOLE SHADARE For decades, the midnight rush at Dubai International Airport (DXB) was the heartbeat of global travel—a synchronised ballet of A380S ferrying…

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Cashless policy: Failed electronic transfers persist, users frustrated, FAAN works on solution to crisis

Cashless policy: Failed electronic transfers persist, users frustrated, FAAN works on solution to crisis

         Minister apologises, assures policy success         Why contactless payments are faster-FAAN MD         Travellers lament delays, bottlenecks For decades, the sound of the Nigerian airport experience was defined by the clinking of coins and the rustling of naira notes at toll gates. But as of March 1, 2026, that sound has been replaced by the digital beep of scanners and, more recently, the frustrated honking…

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Report: Despite traffic boom, airport profits thin

Report: Despite traffic boom, airport profits thin

 Global passenger traffic has rebounded sharply, yet the airport business model that has sustained decades of predictable growth is under strain. According to Acuracy’s white paper, “What does the future hold for airports?”, airport revenues in 2023 remained 12% below 2019 levels even though traffic was only 5% lower. The disconnect exposes structural shifts reshaping how airports create value. The report argues that airports are moving away from a volume-driven infrastructure model towards integrated platforms that…

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Our emergency response to MMIA Terminal 1 fire was very good-Capt. Mahmood

Our emergency response to MMIA Terminal 1 fire was very good-Capt. Mahmood

Captain Abdullahi Zubeir Mahmood is the Director of Airport Operations at the Federal Airports Authority of Nigeria (FAAN). In this interview with WOLE SHADARE, he speaks about the fire that gutted the Murtala Muhammed International Airport Terminal 1 last week and how the coordination by various groups in the aviation ecosystem helped to avert what would have amounted to a national tragedy and other issues concerning the inferno The fire incident at MMIA last week caused significant…

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US/Israel attack: Sky in turmoil, airlines record unprecedented scale of flight disruptions

US/Israel attack: Sky in turmoil, airlines record unprecedented scale of flight disruptions

Over 9,600 flights cancelled, unprecedented Multiple nations shut airspace to civilian traffic A massive military escalation in the Middle East has triggered a widespread airspace shutdown today, severely disrupting global aviation. The crisis began following joint United States and Israeli strikes on Iranian targets, including Tehran, which prompted immediate retaliatory missile attacks from Iran. The conflict has forced the closure of some of the world’s most critical air corridors and hubs. Multiple nations have shut their…

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