Aviation

Airline may be sold as scrap There is a pall of uncertainty over what the Federal Government plans to do with Arik Air it acquired through the Assets Management Corporation of Nigeria (AMCON). Government may end up selling the firm as scrap as devaluation could set in as a result of long drawn battle that may have begun. Since the take-over of the carrier, the Federal Government is at a loss over what to do…

Over Half a billion Naira has been saved by the Federal Airports Authority of Nigeria (FAAN) from its in- house training programme for its staff across airports in the country which commenced a year ago, according to General Manager, Training for the agency, Mr. Nath McAbraham Inajoh. Inajoh disclosed that the amount  accrued from out of station allowances it would have paid to the over 5,000 staff for training during the period.  Speaking on the…

Allege Ibrahim evading justice Death toll of former workers rises  Four years after ex-workers of the defunct NICON Airways owned by the controversial businessman, Mr. Jimoh Ibrahim got judgment of N1 billion in their favour on the payment of their entitlements; the staff of the airline cried out over their unpaid benefits as ordered by the court. The former workers are accusing the former promoter of the airline, Jimoh Ibrahim of evading justice despite the…

  Aviation pressure group, Aviation Safety Round Table Initiative (ARTI) said in the light of recent disturbing development in the aviation sector and the opaque conceptual issues attached to the establishment of national carrier, they have decided to throw their weight behind the project. President, ARTI, Mr. Gbenga Olowo  said they would only do so if the floating of the airline would be devoid of government financial input but driven strictly by investors. He noted that government…

 The Federal Airports Authority of Nigeria (FAAN) has told passengers and other airport users of the inconveniences that they would encounter as the Lagos State Government begins the reconstruction of the Murtala Muhammed Airport Road, Lagos.   The agency said the project which would last for 15 months is aimed at expanding the road for better service to users.   Appealing for understanding from all while the project last, the authority urges passengers and other airport…

Africa carriers post increased air cargo demand   The International Air Transport Association (IATA) said African airlines posted largest year-on-year increase in demand for air cargo as global industry sees double-digit rise in air freight demand in July.   Director-General of IATA, Alexandre de Junaic stated that there are signs that the cyclical growth period may be nearing a peak.   ured He made the disclosure in an IATA released data for global air freight…

Seek N78bn severance pay disbursement   Over 14 years after President Olusegun Obasanjo surprisingly liquidated Nigeria Airways, workers of the defunct carrier are seeking urgent disbursement of the already approved N78bn being their severance payment as the rank of the workers is daily depleted by death occasioned by inability to procure medication for their various ailments.   Just last week, one of the pursers of the carrier, Hajia A. Jatto died of minor ailment and…

   In a new round of the more than decade-long spat at the World Trade Organisation (WTO), the Appellate Body (AB) has  reversed a 28 November 2016 report which found that the Washington State tax subsidies that paid for Boeing’s development and manufacture of the 777 X aircraft were “prohibited” under the Agreement Subsidies and Countervailing Measures (ASCM).   However, an ongoing separate review in the DS353 case has confirmed that those subsidies are illegal and…

The Assets Management Corporation of Nigeria (AMCON) has refuted claims widely reported in the media that Ethiopian Airlines is at the verge of taking over Arik Air. The report claimed that there are discussions going on with Ethiopian Airlines for the carrier to render management services to Arik. But spokesman for AMCON, Jude Nwauzor in a statement today said contrary to these reports, AMCON is not aware of any current discussion or negotiation with the…