FAAN contractors panic over N40 billion loan default

FAAN contractors panic over N40 billion loan default

Contractors who have engaged in the delivery of jobs to the Federal Airports Authority of Nigeria (FAAN) since 2018 are facing trouble with many of their bankers over funds totaling N40 billion. The contractors who spoke to journalists under condition of anonymity because of the fear of victimization said funds used for the execution of jobs such as supply of diesel to many of the country’s airports, supply of office equipment, engineering works, maintenance of…

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The mess named South African Airways

The mess named South African Airways

We have shared the view before that, as a general rule, governments are better off staying out of the airlines business.  There are exceptions, but they are few and these few airlines are run, largely, on a commercial basis.  The poster children for state airline mess-ups include Olympic, Alitalia, and Air India and SAA joins that sad club. Take a look at the airline’s PR about its relaunch. Take a look here for a view from the front row seats in South Africa, from a…

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Hungarian firm to establish light aircraft assembly plant in Nigeria

Hungarian firm to establish light aircraft assembly plant in Nigeria

A Hungarian firm, Magnus aircraft manufacturing industry has concluded plans to set up an aircraft up an aircraft assmbly plant iin Nigeria before 2023. The Minister of Aviation Senator Hadi Sirika expressed the interest when he paid an inspection visit to the Magnus Aircraft Industry in Pogany, Hungary. He explained that “if we venture we them, we may start with assembling plant and later manufacturing”, adding that the Magnus aircraft is an aeroplane that is…

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Travellers, airlines’ pain to end as FAAN fixes security, check-in facilities

Travellers, airlines’ pain to end as FAAN fixes security, check-in facilities

Months after the Murtala Muhammed International Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja were thrown into chaos as a result of manual facilitation of passengers that has made life difficult for travelers and airlines, the Federal Airports Authority of Nigeria (FAAN) said it had begun installation of Common Use of Terminal Equipment (CUTE) system required. Spokeswoman for FAAN, Mrs. Henrietta Yakubu in a statement said that the chaos currently experienced at the two…

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COVID-19: Kenya Airways invest in technology, begins contactless transactions

COVID-19: Kenya Airways invest in technology, begins contactless transactions

From September 1, 2021, one of Africa’s biggest airlines, Kenya Airways PLC (“KQ”) would begin the implementation of contactless transactions to enhance customer and staff health and safety priorities in the wake of the COVID-19 pandemic. The contactless transactions align with the airline’s strategy to develop sustainable business operations through investing in innovative processes and technologies for customer safety and security throughout the customer journey. Customers will be encouraged to use mobile money, credit or debit…

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Sterling Bank, others back cargo, business expo

Sterling Bank, others back cargo, business expo

One of Nigeria’s most innovative financial institutions Sterling Bank is reinforcing its emerging position as the biggest supporter of transport and travel business in Nigeria. Sterling is partnering with the first aviation and cargo conference to help grow export and cargo business through the airports. Nigeria imports tonnes of cargo by air everyday but exports very little by air. Freighters arrive Nigerian airports everyday fully laden but leave empty. To address this problem the Chinet…

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Earth Networks, NiMet Announce Weather Services Partnership

Earth Networks, NiMet Announce Weather Services Partnership

Provides new nationwide early lightning detection, others   Earth Networks, a global provider of weather intelligence, announced on Wednesday it formed a partnership with the Nigerian Meteorological Agency (NiMet). The agreement includes a five-year collaboration to build the Nigeria Total Lightning and Mesoscale AWS Network (NTLMAN) for early warning of severe weather. The partnership was commemorated during a live virtual Memorandum of Understanding signing ceremony from Abuja and Germantown, Maryland. Under the agreement, Earth Networks…

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FG releases request for qualification for airports concession

FG releases request for qualification for airports concession

Lists conditions for bidders The Federal Government in compliance with the Infrastructure Concession Regulatory Commission (ICRC) and National Policy on Public-Private Partnership (N4P) has released a request for qualification for the concession of four International Airport terminals and related services. In the document signed by the Permanent Secretary, Federal  Ministry of Aviation, Hassan Musa,   the four major commercial airports, Nnamdi Azikiwe International Airport Abuja; Murtala Muhammed Internatıonal  Aırport Lagos, Malam Amınu Kano Internatıonal Aırport and…

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Kenya’s domestic travel recovering quicker than int’l, says Kibe, DG KCAA

Kenya’s domestic travel recovering quicker than int’l, says Kibe, DG KCAA

The Director-General of Kenya Civil Aviation Authority (KCAA), Captain Gilbert Kibe has said that aviation contributes four per cent to his country’s Gross Domestic Product (GDP), just as he stated that domestic air travel is seeing quicker recovery than international operations. Kibe who disclosed this at a webinar hosted by President, African Business Aviation Association (AfBAA), Nick Fadugba monitored by Aviation Metric noted that the country had already started seeing over 400 daily aircraft movements and had…

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Lagos airport to rake in N30b annually from concession-Minister

Lagos airport to rake in N30b annually from concession-Minister

FG plans rail to link Lagos airport terminals     The Minister of Aviation, Hadi Sirika has said the concession of the four international airports in Lagos, Abuja, Kano and Port-Harcourt would fetch the nation enormous investments. The Minister specifically disclosed that the concession of the Murtala Muhammed Airport terminals would bring investment of over N30 billion annually which would be boosted by the construction of a rail line to link both the domestic and…

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