Aviation

Getting an airline business off the ground has become a lot more treacherous due to impediments that have caused failure for once burgeoning carriers. WOLE SHADARE reports Deep pocket not solution One can conveniently say that the only harder thing to start up than an airline is a nuclear plant. The reason you are able to raise capital is that financial markets love the idea of investing in an airline. When it works out, you…

Corporate Angel Network (CAN) and the National Business Aviation Association (NBAA) has announced the organizations’ charity event raised $435,000 for CAN’s mission to transport cancer patients to treatment centers.   The successful and well-attended Fund an Angel Cocktail Reception was held at the Wynn on Oct. 11, in conjunction with NBAA’s 2017 Business Aviation Convention & Exhibition (NBAA-BACE). “We’re so grateful to the business aviation community, gathered in Las Vegas this week, for their generosity,…

A former Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mr. Richard Aisubeogun, has said that mergers and acquisitions are the panacea for the survival of the country’s airlines. The fragmented and microscopic nature of Nigeria’s domestic aviation market are majorly responsible for why the nation’s carriers are not competitive. He stressed that “domestic airlines should consider mergers and acquisitions, which will enable them to spread risks, sustain their operations, provide better access…

 The Nigerian Airspace Management Agency (NAMA) has been commended for its excellence in delivering expeditious air navigation services within the nation’s airspace.    In a letter of commendation addressed to the Managing Director, Capt. Fola Akinkuotu, the Airport Manager of Virgin Atlantic Airways Ltd, Justin Bell said the airline appreciates NAMA’s efficiency in ensuring seamless, smooth and timely movement of aircraft across the Nigerian airspace.   He added that the flight control team in the…

The Nigerian Airspace Management Agency (NAMA) has signed a memorandum of understanding (MOU) with Aireon LLC of USA on exploring the deployment of space-based Automatic Dependent Surveillance-Broadcast (ADS-B) system in Nigeria.   The Managing Director of NAMA Capt. Fola Akinkuotu in a statement said the ADS-B solution which is a recognized next-generation  standard for surveillance and air traffic management is a critical requirement in preparation for the implementation of the relevant elements of Aviation System…

Nigeria aviation mkt, huge potential over 50 years The hurdles deliberately set by foreign airlines to frustrate Nigerian airlines from reciprocating Bilateral Air Services Agreement (BASA) came to the fore yesterday as United Arab Emirates prevented a diplomatic spat between it and the Nigerian Government. The UAE had recently prevented Nigeria’s flag carrier airline, Medview Airline from operating to Dubai Terminal One Airport citing slot allocation or ‘lack of space’ at the Emirates Airline’s hub…

 The third H160 prototype (PT3) performed its maiden flight at the company’s headquarters this afternoon. PT3, with its cabin interior configuration similar to that of a serial aircraft, will contribute to certification activities and flight testing to ensure the aircraft’s level of maturity ahead of entry into service in 2019. “The third prototype incorporates a significant amount of modifications based on feedback resulting from the first two years of testing by development, production and support teams”…

Lauds CBN over trapped funds There are indications that Emirates may restore its second daily frequency to Lagos. The carrier stopped its second flight to Lagos at the height of over $600 million of international airlines trapped in the country, coupled with recession that affected airline business in the country. Emirates Regional Manager-West Africa Commercial Operations, Afzal Parambil at a media chat with journalists today in Lagos said the carrier stopped its second flight to…

  FAAN, group spat over debts     The Minister of State for Aviation, Hadi Sirika has come under scathing criticisms over concession of Murtala Muhammed Airport, Lagos and the Abuja airport, calling on the Minister to halt the process or face total grounding of the aviation sector in 15 days.   The unions insisted that the planned concession of Lagos, Abuja, Port Harcourt and Kano Airports in the first phase was taking the shape of…

  The International Air Transport Association (IATA) and the World Customs Organization (WCO) announced that IATA’s Cargo-XML messaging standard has been fully integrated into WCO’s Cargo Targeting System (WCO CTS), a risk assessment tool available to WCO member countries worldwide.   The integration of Cargo-XML in the WCO CTS enables electronic communication between airlines and customs authorities using the IATA Cargo-XML standards format.   This will make communication simpler and more effective, and facilitate more…