Aviation

Load factor shrinks by 50%, triggers fare hike Carriers attribute fares’ surge to forex The sack of 300 workers by the management of Arik Air last week has sent a shock wave around the country’s aviation sector with fear that over a thousand more jobs from the airlines and other aviation support system could be on the line. The airlines have discovered that furloughing workers alone is not the solution at the moment to solve the…

  Seeks tourism, air transport synergy The Nigerian aviation industry contributed at least $1.7 billion and created 341,000 direct jobs to the country’s Gross Domestic Product (GDP) before the advent of Covid-19 pandemic, which crippled the world’s economy, Akin Olateru, Commissioner, Accident Investigation Buerau (AIB) has said. The AIB helmsman also called for effective collaboration between air transport and tourism industry, saying the two sectors needed each other to thrive and developed the nation’s economy….

Agency operates at 30% capacity, rakes N30b as at Sept Recovers N5b debts Reps:Put 70% of revenue into infrastructure The Federal Airports Authority of Nigeria (FAAN) said it remitted N2b to the Consolidated Revenue Fund (CRF) accounts between January and September 2020. This is coming as the Managing Director of the agency, Capt. Hamisu Yadudu pleaded for urgent intervention fund from the Federal Government to address infrastructural gaps. He stated that the addressing the infrastructural…

Slow Recovery Still In Global Air Freight Market The International Air Transport Association (IATA) has released October data for global air freight markets showing that  Africa is staging the strongest increase in demand for air cargo amid slow recovery in the global air freight market. According to IATA, African airlines saw demand increase by 2.8% year-on-year in October, stressing that this was lower than the 12.1% growth in September. Despite this, the region still posted the…

A huge number of African airlines are improving air links within the continent and West African region following a shift from regional aircraft to smaller aircraft, especially turboprops. This has brought some of the most exciting developments in the realm of intra-African air services. Flying within West Africa and flights within East Africa had long been costly for airline operators but that is slowly beginning to change as air service regulations loosen and airlines discover…

Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (In Receivership) has declared 300 staff members redundant to its current level of operations.   The airline in a statement said the leadership of the impacted unions have been contacted to negotiate a redundancy package for…

Only Aviation Pays For Meteorological Services-Reps The Director-General of Nigerian Meteorological Agency (NIMET), Prof. Abubakar Sani Mashi has disclosed that international oil companies, (IOCs) spend over $230 million annually for Meteorological services from outside the country, stressing that NIMET has the capacity to provide same service the oil companies contract outside the country. The NIMET DG while receiving the House Committee on Aviation in its oversight visit led by its chairman, Nnolim Nnaji to NIMET…

The Ibom Airline management has  said it has contributed more than N1 billion directly and indirectly to the economy of Akwa Ibom people through vendors and suppliers within the period of its existence. The management also said that more than  300,000 passengers have been airlifted by Ibom Airlines Limited since its inception last year. Group Manager, Marketing and Communications of the Airline, Mrs. Aniekan Essienette  said in Uyo on Tuesday that the Airline would continue…

  Minister, Aviation Professionals, Others Mourn The aviation industry in Nigeria today woke up to the shock of the departure of the immediate Director-General of Nigerian Civil Aviation Authority (NCAA), Capt. Muhtar Usman. Since his sudden departure early hours of today, grief enveloped the entire aviation industry with many professionals, aviators and colleagues extolling the virtue of the aircraft pilots who meant so many things to so many people. To underscore the huge vacuum his…