Aviation Archives - Page 28 of 347

Aviation agencies near insolvency over 50% deduction, unions, workers to shut sector

Posted on August 15, 2024August 15, 2024 by Wole Shadare

The aviation agencies are reeling under immense financial difficulty owing to the deduction from source of 50% of their revenue which has made them prostrate and unable to meet their statutory functions. As a result, there are indications that the Nigerian Airspace Management Agency (NAMA) and others may no longer be able to pay the salaries of workers aside from the fact that aviation safety could be compromised as a result of the Federal Government’s…

Nigerian carriers faced with huge costs burden, says Nwuba

Posted on August 14, 2024 by Wole Shadare

President of Aircraft Owners and Pilots Association of Nigeria, Dr Alex Nwuba has taken a deep reflection into the country’s aviation industry and came up with the verdict that the sector is truly challenged. He noted that airlines are faced with huge costs from all service providers and airports are equally faced with what they deem, with many describing it as unnecessary charges. Nwuba who spoke with Aviation Metric on the sidelines of the 28th League of Airports And…

Fresh diplomatic row brews as Minister writes UK over Heathrow slot, may bar BA from prime airports

Posted on August 11, 2024August 11, 2024 by Wole Shadare

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has written to his British counterpart and lodged a formal complaint over the refusal of the British authorities to allow Air Peace to fly to Heathrow Airport. Nigeria’s flag carrier airline, Air Peace currently flies to a second-tier airport, Gatwick because of the slot system which is beyond the British authorities. This may lead to a diplomatic row if the Minister remove British Airways to…

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…

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…

Airbus, partners invest in SAF financing fund

Posted on July 30, 2024July 30, 2024 by Wole Shadare

Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited have co-invested in a Sustainable Aviation Fuel (SAF) financing fund to accelerate the production of SAF.The corporate partners worked with investment manager Burnham Sterling Asset Management to establish the Sustainable Aviation Fuel Financing Alliance (SAFFA) investment fund in which Airbus is the Anchor Investor. The commitment from the seven partners is amounting to an…

Minister overrules NAMA, directs agency to suspend navigation charges

Posted on July 29, 2024 by Wole Shadare

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has overruled the decision of the Nigerian Airspace Management Agency (NAMA) to raise en-route navigational charges from N6,000 to N18,000 and N54,000 per flight The Minister has directed the agency to suspend its earlier announced increase in navigational charges. This decision follows the Minister’s recognition of the current economic challenges faced by Nigerians. The Minister emphasized the need for further consultation before implementing any changes,…

Nigeria’s private jet ownership rises to 157 from 44 in 20 years, Task Force reveals findings

Posted on July 29, 2024July 29, 2024 by Wole Shadare

Findings reveal illegal operators undermine security, Govt, losses revenue Operations opaque The operations and acquisition of private jets in Nigeria have risen exponentially. From a mere 44 private business jets in the country in 2005, Two decades on in 2024, that number has risen to 157; an increase of 357 percent over two decades. However, the increase in the acquisition of these flying objects is not for just navigating in luxury from one corner of…

NAMA raises ‘outdated’ navigational charges to N18, 000 , N54, 000, may trigger hike in fares

Posted on July 26, 2024 by Wole Shadare

Extension costs rise too, N10b overhead, N21b personnel cost, N12b capital cost in 2023 The Nigerian Airspace Management Agency (NAMA) has raised en-route navigational charges from N6,000 to N18,000 and N54,000 per flight just as the airspace agency equally increased the extension of hours of service to airlines from N50,000 to 450,000 per extension to enable the agency to recover the cost of diesel and other logistics during the period of extension. The Managing…

Delta, United flights to Nigeria may be cancelled over massive IT outage

Posted on July 19, 2024 by Wole Shadare

· Airlines, global businesses impacted There are indications that both Delta Air Lines and United Airlines, two airlines operating to Nigeria under the Nigeria-US ‘Open Skies’ agreement may not after all fly to Nigeria as massive IT outage affect businesses around the world. Delta Airlines in a statement made available to Aviation Metric said that customers whose flights are impacted will be notified by Delta via the Fly Delta app and text message….

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