Nigeria Among Nations With High Airport Charges, Taxes

Nigeria Among Nations With High Airport Charges, Taxes

Nigeria, Liberia, and six other countries are among the top list of African countries with high airport taxes. Others are Guinea Bissau, Senegal, Bangui, Sierra Leone, Republic of Congo, and Niger It was revealed that these airport taxes were as high as some European countries that have met stiff resistance from the International Air Transport Association (IATA). Not pleased with this, the Airports Council International (ACI)’s World Director-General, Luis Felipe de Oliveira, has hit back…

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NANTA bemoans airlines’ trapped funds, fret over hike in ticket costs, threat to sector

NANTA bemoans airlines’ trapped funds, fret over hike in ticket costs, threat to sector

Says Nigeria on brink of wrong narrative, appeals to CBN, Ministry for intervention   The National Association of Nigeria Travel Agencies (NANTA) has expressed a deep concern over the decision by the Nigerian government to withhold foreign airlines’ $450 million funds, saying the situation poses a serious threat to the entire aviation industry. President of NANTA, Mrs. Susan Akporiaye in a statement said the carriers could resort to taking out lower inventory in the system…

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FG To Upgrade 4 Airports’ Control Towers, NAMA Plans Satellite Demo Flight

FG To Upgrade 4 Airports’ Control Towers, NAMA Plans Satellite Demo Flight

Nigerian Airspace Management Agency (NAMA) is working to upgrade the country’s air traffic management system, including the Safe Tower Project (STP) that was holistically done 10 years ago. The Managing Director of the agency, Mr. Mathew Lawrence Pwajok, stated that four airports, the Murtala Muhammed International Airport, Lagos, the Nnamdi Azikiwe International Airport, Abuja, the Mallam Aminu Kano International Airport (MAKIA), and the Port-Harcourt International Airport, were the aerodromes, which control towers would be upgraded…

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Dollar shortage forces Nigeria, others to block airlines’ fund

Dollar shortage forces Nigeria, others to block airlines’ fund

Liberalisation:  IATA predicts $2.7 billion aviation growth for continent     The scarcity of foreign currencies, particularly the United States dollars has led to the withholding of foreign airlines’ funds by many African countries according to IATA’s Regional Vice President Africa & Middle East, Kamil Al-Awadhi  In summary, the blocking of over $800 million in airlines funds by Nigeria, Ethiopia, Zimbabwe, Eritrea and Algeria, and some other African nations shows that these nations are in…

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Qatar Airways reports $1.54 billion net profit, highest in its history

Qatar Airways reports $1.54 billion net profit, highest in its history

  Despite the pandemic-driven challenges, Qatar Airways expanded its network to 140 destinations with new routes and resumed flights to key destinations in Europe, Africa, the Middle East, and Asia. The Qatari flag carrier, Qatar Airways Group reported on Friday the highest net profit in its 25-year history, with $1.54 billion (QAR5.6 billion) registered during the fiscal year 2021-2022. Record growth The results mark a 200% upsurge above the airline’s highest annual profit, with a…

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Thirty-three passengers unhurt as Overland plane grounds to a halt at Lagos airport

Thirty-three passengers unhurt as Overland plane grounds to a halt at Lagos airport

  Thirty-three passengers onboard Overland Airways’ flight landed safely following a fire incident that started from one of the engines of the airplane. The incident occurred at about 8 pm on Wednesday when the aircraft from Ilorin to Lagos experienced a high turbine temperature on one of its engines but landed safely with all 33 passengers unhurt. The incident according to the airline occurred in the approach phase of the flight, stating that the crew…

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Three airlines risk extinction in few weeks- Operators

Three airlines risk extinction in few weeks- Operators

AON lament high charges, taxes     The combination of the high cost of aviation fuel otherwise known as Jet A1, over 37 charges by various agencies in the aviation industry, scarcity of foreign exchange, and the harsh operating environment could lead to the collapse of three Nigerian airlines in the next few weeks according to the chairman of Air Peace, Mr. Allen Onyema. Onyema however did not disclose the name of the three carriers…

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Capital flight: Nigeria spent $2.5b on overseas aircraft repairs in 2021

Capital flight: Nigeria spent $2.5b on overseas aircraft repairs in 2021

  The lack of functional aircraft maintenance facilities otherwise known as Maintenance Repair Overhaul (MRO) cost Nigeria $2.5 bil­lion (about N1.25 trillion) in 2021 in MRO investments in neighboring countries like Ethiopia,  Morocco, Egypt, United Arab Emirates, South Africa, and other nations with advanced maintenance facilities. This revelation was made on Tuesday by the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Capt. Rabiu Yadudu at the first-ever National Aviation Conference holding in…

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Comair collapse: Beyond rescue

Comair collapse: Beyond rescue

Comair, the airline that flew in British Airways colours in southern Africa will never fly again in Africa. The signs that the airline was at the closing stages of operations were imminent. They were pressed down by regulatory and financial issues. Top members of the airline for two years tried to save the carrier by seeking to secure funding but they were unable to do so-had no option to lodge the application. It is an…

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Boost as Nigeria Air gets Air Transport License

Boost as Nigeria Air gets Air Transport License

The quest for Nigeria to float a new national airline, Nigeria Air received a boost as the Nigerian Civil Aviation Authority (NCAA) will on Monday present the airline with Air Transport Licence (ATL). The licence will be presented to the interim management of the airline at the headquarters of the aviation regulatory body in Abuja. This was made known on the Instagram handle of the Ministry of Aviation @fmaviationng which reads, “The @NigerianCAA will on…

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