Aviation

Nigerian Aviation Handling Company Plc (NAHCO Plc) held its 41st Annual General Meeting (AGM) in Lagos on July 29, 2022. At the AGM, which was held both physically as well as virtually, the Board of the company informed Shareholders that the group turnover stood at N10.2 billion, representing a 44% improvement over the 2020 financial year performance, despite the effect of the Covid-19 pandemic on its operations. As a reward for their continued trust and…

  BA, Emirates, Delta, United make up 80% $450 million trapped fund, NANTA pleads with FG     Faced with the enormous amount of funds trapped in Nigeria, foreign airlines are monitoring the situation that could see them cut down drastically on their flight services. The trapped revenue is said to be a result of a forex shortage, a sign that Nigeria is facing serious financial challenges.   The action has technically made airfares on…

President,  Aviation Safety Round Table Initiative ( ASRTI) Dr Gabriel Olowo has backed airlines to charge fares that are commensurate with their cost of operations, adding that the astronomical prices of Jet A1 also known as aviation fuel, it has affected airline operations and finances. This is just as he has called for increased vigilance of the Nigerian Civil Aviation Authority (NCAA),  stressing that a price increase is better than negotiating safety by cutting corners….

The hope for a new national carrier, Nigeria Air, brightens on Wednesday as the Federal Government approved the leasing of three aircraft. The three aircraft are made by Airbus and Boeing. The central government stated that the national carrier would begin operations with domestic routes. Minister of Aviation, Senator Hadi Sirika, made the disclosure while briefing journalists after the Federal Executive Council (FEC). The FEC meeting was chaired by President Muhammadu Buhari. Sirika announced that…

Demand to outstrip supply Existing carriers grab chance to raise fares The voluntary suspension of Aero Contractors’ scheduled operations coupled with the Nigerian Civil Aviation Authority (NCAA)-induced grounding of Dana Airlines operations and suspension of its licenses have changed the travel dynamics in the country’s aviation industry and may have limited choices for air travelers. Two events that took place in quick succession last week raised concerns over the state of Nigerian carriers. There are…

President Muhammadu Buhari has congratulated Adefunke Adeyemi on her election as the new Secretary General of the African Civil Aviation Commission (AFCAC), the African Union (AU) agency responsible for civil aviation in Africa. The President reiterates Nigeria’s commitment to promoting a prosperous and integrated Africa through the activities of organisations such as AFCAC. The Nigerian leader trusts that the newly appointed Secretary-General will advance the common objective of the association with the support of the…

More trouble for Nigerian carriers as the Nigerian Civil Aviation Authority (NCAA) has suspended Dana Airlines’ Air Transport Licence (ATL) and Air Operator Certificate (AOC) indefinitely, with effect from midnight of Wednesday, 20th July 2022. This grounding of Dana is coming less than three days after Nigeria’s oldest airline, Aero Contractors sensationally announced the suspension of its scheduled flight operations beginning today amid concern that many of the country’s airlines are ailing. The suspension of…

An aircraft belonging to Dana Air made an emergency landing at the Abuja airport after its B737 engine developed a fault. The emergency landing occurred while approaching the  Abuja airport following an issue with one of its engines, Tuesday afternoon. The airline gave an update on the incident via a statement. In a statement on Tuesday, it said the incident happened at about 2:52 pm, adding that the passengers were safe. “Our Abuja-bound Boeing 737…

Fares to further skyrocket, carriers’ operational costs hit 130% Want 5% tax on fuel scrapped   The airline industry is in dire strait as airline operators under the aegis of Airline Operators of Nigeria (AON) have written to the Nigerian Civil Aviation Authority (NCAA) seeking the approval of the regulatory body to impose 40 percent fuel surcharge as an ameliorative measure to cushion the effects of the continues increase in the high price of Jet…

The signs that all is not well in the Nigerian aviation industry are manifesting as a prediction that three carriers could cease operations this year is becoming a reality as Nigeria’s oldest airline, Aero Contractors has stopped scheduled passenger operations. Aero Contractors has announced it is shutting down operations due to the impact of the challenging operating environment on its daily operations. The airline in a statement on Monday said it would temporarily suspend its…