Aviation

*Egypt frees $240 million trapped funds Foreign airlines operating to Nigeria can now heave a sigh of relief as the value of ticket sales owed to foreign airlines in Nigeria has been reduced by over 50 percent since June, the International Air Transport Association (IATA) said yesterday, adding that it is making progress to recoup billions of dollars in revenues blocked by some countries. The clearing house for global airlines  in June this year put…

In the first picture we have Mr Arthur Dieffenthaler, Commercial Director Air France KLM with the winners of the grand finale of Dare2Dream Season 3, a KLM sponsored Youth empowerment competition in conjunction with Kinabiti Fashion Italy. The event was held in Lagos recently. In the second picture, we have Arthur Dieffenthaler, Commercial Director Air France KLM, and Mr Kunle Afolayan, Brand Ambassador for Air France, flanked by representatives from Top travel agencies in Nigeria…

More than a month after the management of the airline grounded its operations because of lack of airplanes; workers of Aero Contractors today staged a peaceful protest over the continued closure of the airline by the Asset Management Company of Nigeria (AMCON). The protest was organised by the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and National Union of Air Transport Employees (NUATE). The workers, who began the protest at about 8.45a.m, marched…

*Calls for 2014 Montreal Protocol Ratification The International Air Transport Association (IATA) released figures showing that reports of unruly passenger incidents on-board aircraft increased in 2015. Some 10,854 unruly passenger incidents were reported to IATA by airlines worldwide last year. This equates to one incident for every 1,205 flights, an increase from the 9,316 incidents reported in 2014 (or one incident for every 1,282 flights). The majority of incidents involved verbal abuse, failure to follow…

Adam Levine-Weinberg (TMFGemHunter) Boeing’s goal of selling at least 40 current-generation 777s in 2016 looks much more feasible than it did just one week ago. While the stock market has surged to record highs in 2016, shares of Boeing (NYSE:BA) have been held down by widespread worries about slowing aircraft demand. Indeed, with the end of September quickly approaching, Boeing is less than halfway to its full-year goal for aircraft orders. Order activity for the 777 widebody family…

*$3.10tr projected as accruals in 30 years Wole Shadare Thee Managing Director of the Federal Airports Authority of Nigeria (FAAN) Saleh Dunoma yesterday said the aviation sector is expected to inject about $5b  out of the  $3.10 Trillion required by the National Integrated Infrastructure Masterplan (NIMP) over a period of 30 years through Public Private Partnerships  (PPP). Dunoma stated this at the annual conference and exhibition of the Airport Council International ACI) holding in Montreal….

Nigeria’s current infrastructure deficit is estimated to be in excess of $200 billion, Chief Executive Officer, Bi-Courtney Aviation Services Limited, operator of the ultra-modern Murtala Muhammed Airport (MMA2), Capt. Jari Williams, has said. Williams, who quoted the Infrastructure Concession Regulatory Commission (ICRC), spoke at a conference on privatisation/concession of Nigerian airports held in Lagos last Friday. Consequently, he said sadly, that aviation has not been spared in the wind of controversial concessions, which he said…

Aviation Editor of New Telegraph Newspapers, Wole Shadare, has been named Aviation Writer of the Year at the 10th edition of Nigeria Media Nite-Out Awards (NMNA) 2016.  At the award ceremony held on Sunday at Time Square Event Centre in Ikeja, Lagos, Shadare was announced Aviation Writer of the Year, ahead of Comfort Oseghale (Punch), Olusegun Koiki (National Mirror), Loius Ibah (Sun) and Kelvin Osa Okunbor of The Nation. Speaking at the event, founder of…

Their combined ages are just 45. But that didn’t stop 26-year-old captain Kate McWilliams and her 19-year-old co-pilot Luke Elsworth from flying hundreds of passengers to their destinations this week. The young pilots manned a flight from London to Malta, after McWilliams earlier passed a course ascending to the rank of captain. Their employer, the British carrier Easyjet, believes McWilliams has become the world’s youngest commercial airline captain — with co-pilot Elsworth also one of…

*Airline may get more funds for expansion   Wole Shadare President, African Export-Import Bank (Afreximbank), Benedict Oramah said the firm is collaborating with Nigerian flag carrier airline, Arik to promote intra-Africa trade, saying its partnership with the airline has been mutually rewarding. Oramah made the disclosure when he led his team to hold a business strategic meeting with the management of the carrier at its headquarters at the Murtala Muhammed Airport, Lagos at the weekend….