Aviation Archives - Page 39 of 347

Aviation revenue to hit $964 billion, African airlines to post $0.5b losses in 2024

Posted on December 6, 2023December 6, 2023 by Wole Shadare

Infrastructure, connectivity impact region’s industry performance Wole Shadare, Geneva, Switzerland Having recovered from the 2020 Covid pandemic that did incalculable damage to the global aviation industry, industry revenues are expected to reach a historic high of $964 billion according to the International Air Transport Association (IATA). While other regions in the world are expected to post profits in 2024, African carriers are expected to generate losses in both 2023 and 2024. The continent according to…

Nigeria inks BASA with Kuwait

Posted on December 5, 2023December 5, 2023 by Wole Shadare

The Federal Government of Nigeria, represented by the Minister of Aviation and Aerospace Development, Festus Keyamo has inked a significant Bilateral Air Services Agreement (BASA) with the State of Kuwait. The historic accord was formalized during the ongoing COP28 in Dubai, reflecting a commitment to fostering international cooperation in the realm of aviation. The signing ceremony took place on Tuesday in Riyadh, Saudi Arabia, symbolizing the collaborative spirit between the two nations. The agreement marks…

Olateru: Nigeria must undergo reforms for rapid development

Posted on December 1, 2023December 1, 2023 by Wole Shadare

The Director General Nigerian Safety Investigation Bureau (NSIB) Engr. Akin Olateru has canvassed for comprehensive reforms in the country’s socio-economic sectors intending to enhance the wellbeing of the citizenry and the overall growth and development of Nigeria. Olateru who stated this in a keynote address entitled: “Breaking Barriers to National Development, ” at the Nigerian Service Award organised by COA Media in Abuja on Thursday, noted that engaging in agribusiness, job creation, strengthening public services,…

NSIB joins maritime accident investigators int’l forum

Posted on November 30, 2023 by Wole Shadare

The Nigerian Safety Investigation Bureau (NSIB) has been accepted into the Marine Accident Investigators’ International Forum (MAIIF). Founded in June 1992 as an international non-profit organisation dedicated to the advancement of maritime safety and prevention of marine pollution through the exchange of ideas, experiences, and information acquired in marine accident investigation, Its purpose is to promote and improve marine accident investigation, and to foster cooperation and communication between marine accident investigators around the world. The…

FAAN to tackle multiple cargo charges at airports, develop cargo bill of rights

Posted on November 28, 2023 by Wole Shadare

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Kabir Mohammed at the weekend said the lingering problem of delays and multiple charges for cargo at the airports would soon be tackled. He made the disclosure when the aviacargo roadmap committee visited him, assuring them that the observation and recommendation of the group would be implemented amid monthly briefing to Mohammed by the coordinator of the committee, Mr. Ikechi Uko. In his presentation,…

NCAA begins probe of United Nigeria’s ‘mistaken’ flight to Asaba

Posted on November 27, 2023 by Wole Shadare

Worried about an Abuja flight that ended in Asaba, the Nigeria Civil Aviation Authority (NCAA) said it has commenced an investigation to unravel the circumstances that led to what can be termed an embarrassment. A United Nigeria Airlines Flight NUA 0504 which took off from Lagos to Abuja but ‘shockingly’ found itself in Asaba on Sunday. The aviation regulatory body in a statement on Monday said preliminary steps had been taken pending conclusions of ongoing…

How $1.68 billion airlines’ trapped funds, high cost, infrastructure set aviation in Africa backward- IATA

Posted on November 20, 2023November 20, 2023 by Wole Shadare

Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 according to the International Air Transport Association (IATA). The funds are held by countries experiencing foreign exchange reserves. The countries are Ghana, Nigeria, Ethiopia, Angola and Zimbabwe. IATA attributed trapped funds as one of the major issues plaguing aviation in Africa, describing the numbers as alarming with it having a huge and devastating impact on connectivity. IATA’s Regional…

Caverton Expands, Acquires First Bell 429 for its Cameroon’s Operations

Posted on November 16, 2023November 16, 2023 by Wole Shadare

Caverton Helicopters, an aviation firm engaged in contract charters, shuttles, and maintenance of fixed and rotary wings aircraft has acquired a new helicopter for offshore operations in Cameroon. The helicopter, Bell 429 is the first of its kind to operate in West Africa in the oil and gas market. Bell Textron Inc., a Textron Inc. company, announced a signed purchase agreement with Caverton Helicopters Limited for a Bell 429, which will be utilized for offshore…

Deportation: Air Peace passengers didn’t fulfil entry conditions, says Saudi Arabia

Posted on November 15, 2023November 15, 2023 by Wole Shadare

‘They submitted wrong information’ The Royal Embassy of Saudi Arabia in Abuja on Wednesday disclosed that the visas of Air Peace passengers were cancelled because they did not fulfil the entry conditions of the Arab country. In a statement, the Saudi embassy said the applicable rules and regulations of Saudi Arabia were not met as they submitted incorrect information. On Monday, 264 passengers on Air Peace flight arrived in Jeddah after leaving Nigeria on…

Ethiopian Airlines Agrees to Landmark Order for 67 Boeing Jets

Posted on November 14, 2023November 14, 2023 by Wole Shadare

Ethiopian Airlines, the largest and leading aviation group in Africa, and its longstanding partner Boeing on Tuesday announced the carrier has agreed to order 11 787 Dreamliner and 20 737 MAX airplanes with an opportunity for 15 and 21 additional jets, respectively. The agreement, signed by Ethiopia’s national carrier at the Dubai Airshow, represents the largest-ever purchase of Boeing airplanes in African history. “We are pleased to announce that Ethiopian Airlines has reached a deal…

« 1 … 37 38 39 40 41 … 347 »