Aviation Archives - Page 37 of 348

Aviation sector needs special Forex window, says Aisubeogun, former FAAN MD

Posted on February 25, 2024 by Wole Shadare

A former Managing Director of the Federal Airports Authority of Nigeria (FAAN), Dr. Richard Aisuebeogun has admitted that the present Nigerian airline business climate has been positively competitive. He however said that for the industry to witness continuous growth and stability in 2024, the sector would require government intervention and control of the dwindling foreign exchange market or even provide aviation businesses special window access to the much-needed foreign exchange. Aisuebeogun lamented that institutional funding…

Wigwe: NTSB’s preliminary report highlights probable causes, gives crash graphic details

Posted on February 24, 2024February 24, 2024 by Wole Shadare

Accident reveals 1.5 ft deep, 12 ft long 10 ft wide ground crater NSIB actively engaging US probe agency Adverse weather, snow mix also fingered The Nigerian Safety Investigation Bureau (NSIB) said it has received a preliminary report from the National Transportation Safety Board (NTSB) of the accident involving Airbus Helicopter EC130B4 in which former Access Bank’s Group Chief Executive Officer, Herbert Wigwe, his wife Doreen, son, Chizi and former Chairman of the Nigerian…

Nigeria begins process to exit ‘risk status’ for aircraft dry-lease

Posted on February 19, 2024 by Wole Shadare

Local firms lack capacity for airplane insurance-Okonkwo Rising jet fuel, Forex scarcities hamper aviation-United Nigeria Airlines The Federal Government may have begun the process to remove Nigeria from the ‘country risk’ status that has made aircraft dry lease impossible for airline operators. As a result, the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has met with the international lobby group to expunge the country from the black book which locked the country out…

Wigwe ill be missed, says Kuku, FAAN MD

Posted on February 11, 2024 by Wole Shadare

More condolences are beginning to pour in on the passing of the Chief Executive Officer of Access Holdings Plc and founder of the How Foundation Mr. Herbert Wigwe as the Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku has expressed her profound sorrow at the passing of the banker. In a statement personally signed by Kuku, she fondly recalls a recent meeting she and some FAAN Directors…

Minister grants Air Peace approval to operate to New York

Posted on February 10, 2024 by Wole Shadare

The Ministry of Aviation and Aerospace Development has approved the request of Air Peace and authorized the carrier to operate commercial international flights into and out of John F. Kennedy International Airport, New York, United States of America. Air Peace had in a letter dated January 12, 2024, written a letter to the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo requesting approval to operate to New York. In a letter dated February 9,…

FG tightens the noose on Niger, ECOWAS shuts land borders, airspace

Posted on February 6, 2024 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA), has explained the circumstances surrounding the suspension of flights between Nigeria and the Niger Republic. A statement by Abdullahi Musa, Director of Public Affairs and Consumer Protection explained that in response to the recent political events surrounding the coup d’état in the Republic of Niger on July 26, 2023, the Economic Community of West African States (ECOWAS) had convened an extraordinary summit to address the situation. Among the resolutions…

53% flights operated in Nigeria in 2023 delayed, NCAA vows to go tough on airlines

Posted on February 4, 2024February 4, 2024 by Wole Shadare

The Acting Director General of the Nigeria Civil Aviation Authority (NCAA), Capt Chris Najomo has again read the riot act to airlines engaging in incessant flight delays and cancellations. He expressed his at the alarming reports of incessant delays, flight disruptions, and schedule changes without adequate notice to passengers. Najomo, reiterated the need for airlines to improve their services, stressing that the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo is determined to enforce…

SAA celebrates 90 years of resilience, challenges, success

Posted on February 4, 2024February 4, 2024 by Wole Shadare

South African Airways (SAA) is celebrating 90 years of resilience and excellence having been established on February 1, 1934, making it one of the oldest and surviving airlines in Africa. As the celebrations are being marked globally at the airline’s various destinations on its network, the Lagos office in Nigeria kicked off the day’s celebrations with a Movie Reception and get-together for its leading travel agents. In a statement at the weekend, the Chief Executive…

NANTA blasts foreign carriers, gives Feb 2 ultimatum for lower fare inventories

Posted on January 31, 2024January 31, 2024 by Wole Shadare

Threatens sustained media campaigns against operators Following the release of all outstanding backlogs of $64.44 million in blocked airline funds by the Central Bank of Nigeria (CBN), the National Association of Nigerian Travel Agents (NANTA) has said that foreign airlines have no further reason and justification to restrict inventory in the Nigerian market. The national president of NANTA, Mrs. Susan Akporiaye in a statement on Wednesday said the group viewed further restriction of lower…

Starlux Airlines wins “ch-aviation World’s Youngest Fleet Award” for second year

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

Starlux Airlines, a renowned Taiwanese carrier, has won the “ch-aviation World’s and Asia’s Youngest Aircraft Fleet Award” for the second year in a row, with the fleet’s average aircraft age of only 2.04* years! The airline stands out again for its dedication to maintaining a modern fleet, contributing to fuel efficiency and sustainability. To determine which airlines currently operate the youngest aircraft fleets, ch-aviation maintains an extensive aircraft database of more than 4,800 active operators, more than 77,000 aircraft, and…

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