Reps propose single digit interest loans, stimulus to save aviation

Reps propose single digit interest loans, stimulus to save aviation

The House of Representatives Committee Chairman on Aviation, Nnolim Nnaji has stressed the need for a special intervention fund for the air transport sector to cushion the post covid-19 impact on the industry. Nnaji suggested a single digit interest loan for indigenous airline operators and special Federal Government grant to the Federal Airports Authority of Nigeria, (FAAN), Nigerian Airspace Management Agency  (NAMA) and the Nigerian Meteorological Agency, (NIMET) to help them in the planned facilities…

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How to rescue Nigerian airlines from collapse-Expert

How to rescue Nigerian airlines from collapse-Expert

  Wants passenger airplanes conversion for  cargo operations A United States Federal Aviation Administration (FAA) and Nigerian Civil Aviation Authority ( NCAA) Licensed Flight Dispatcher and Ground Instructor , Mrs Victoria Jumoke Adegbe has prescribed recovery for indigenous carriers as global aviation navigates it way out of COVID -19. Adegbe said many Nigerian carriers were showing suicidal symptoms as some of them could barely meet their obligations with disclosure that they would not pay workers…

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COVID-19 will damage passenger confidence in air travel, says IATA

COVID-19 will damage passenger confidence in air travel, says IATA

  COVID-19 looked like previous crises: a hit to traffic and revenue followed by a return to normal, even if there was uncertainty about the depth and duration of the hit. The revenue reduction faced by airlines this year as a result of COVID-19 far exceeds the impact from previous crises. It has the dimensions of a world war. Consequently, the International Air Transport Association (IATA) said a global recession is now coming in 2020/21 and this means…

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Cash crunch may open fresh airline, customer refund spat

Cash crunch may open fresh airline, customer refund spat

  Some airlines are at risk of insolvency. WOLE SHADARE writes that recovering lost tickets from them would be complicated Fight for survival The fight to survive the Covid-19 crisis is pitting airlines across the globe against their grounded customers. Airlines have been told to refund airfare to passengers whose flights have been canceled during the outbreak of Covid-19, the U.S. Transportation Department ordered on Friday. This is receiving a growing number of complaints from people who…

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“Nigeria’s aviation faces bigger challenge post COVID-19”

“Nigeria’s aviation faces bigger challenge post COVID-19”

  Aero MD, Sanusi debunks N10b sold tickets in three months The Managing Director of Aero Contractors, Capt. Ado Sanusi said the Nigerian aviation industry faces bigger challenge post COVID-19 pandemic. Sanusi who spoke to Woleshadarenews said it remains to be seen what the airlines would do to restore passengers’ confidence which he admitted will be at the lowest ebb by the time the world is done with the pandemic. He also debunk insinuations that…

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Airline operators seek intervention funds at 5% interest rate

Airline operators seek intervention funds at 5% interest rate

   Want waiver on taxes, levies, others for 180 days     Airline operators under the aegis of Airline Operators of Nigeria (AON) said there is need for government to begin to put in place measures that will guarantee the survival of airlines, describing the sector as the main catalyst and a pivot to the quick recovery of the Nigerian economy. While appreciating the Central Bank of Nigeria (CBN) approval of N1.1Trillion stimulus and the…

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COVID-19: FG extends airport closure by two weeks

COVID-19: FG extends airport closure by two weeks

  The Federal Government has extended the closure of airports in the country by two weeks due to the coronavirus pandemic. Minister of Aviation, Hadi Sirika, disclosed this on Monday. TheFederal Government shut all international airports in the country on Monday, March 23 for one month. Subsequently, the President, Major General Muhammadu Buhari (retd.), had extended the closure to all local airports in the country while announcing 14-day lockdown in Abuja; Lagos and Ogun States on…

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ITF, IATA seek govts’ support to protect aviation jobs

ITF, IATA seek govts’ support to protect aviation jobs

    The International Transport Workers’ Federation (ITF) and the International Air Transport Association (IATA) have called for support from governments to the aviation industry, to protect jobs and ensure that air services can be maintained. The economic situation facing the aviation industry is severe. Air passenger demand is down 80 per cent. Airlines are facing a liquidity crisis which threatens the viability of 25 million jobs directly and indirectly dependent upon aviation, including jobs…

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Covid-19: Dana Air to keep middle seats empty upon resumption   

Covid-19: Dana Air to keep middle seats empty upon resumption   

  In line with the social distancing guideline on Covid-19, Dana Air has announced that it will keep the middle seats on all its aircraft empty upon resumption of flights. The Accountable Manager of Dana Air, Obi Mbanuzuo, said Dana Air will commence this initiative when flights resume, maintain it for a while and listen to the feedback from the airline’s customers. According to him ”Majority of our aircraft are configured with mainly three seats in a row, on either…

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South African Airways: Going….Going…..?

South African Airways: Going….Going…..?

  Nears collapse with plan to sack all 4,700 staff South African Airways has concluded plans to lay off its entire 4,700-strong workforce after failing to persuade the government to provide more financial help, a move that threatens to ground the 86-year-old national carrier for good. The state-owned airline has offered severance deals to all staff from the end of this month after administrators concluded that a successful turnaround is now unlikely, according to a proposal to eight…

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