Business Archives - Aviation metric

At Sabre tech expo, Keyamo, Olowo, others highlight investment in technology to drive travel growth

Posted on November 30, 2023December 1, 2023 by Wole Shadare

The Minister of Aviation, Festus Keyamo said Nigeria and many other African countries like Egypt, Ethiopia and Kenya are investing in cutting-edge aircraft, embracing sustainable aviation fuels, improving infrastructure, and fostering partnerships that will propel them into a new era of connectivity. He noted that by harnessing emerging technologies, the country aims to create an aviation sector that is not only efficient but also environmentally conscious. The Minister was represented by his Special Assistant, Janet…

NCAA to curb frequent wet-lease aircraft incidents, lists fresh guidelines, violators risk suspension, others

Posted on November 28, 2023November 28, 2023 by Wole Shadare

Lists new operational guidelines to carriers The Nigerian Civil Aviation Authority (NCAA) has said that the preliminary assessment by the authority in the case of a mistaken flight to Asaba instead of Abuja by a United Nigeria Airlines flight had shown that occurrences such as the one that happened on Sunday relate to lack of familiarity with the operational environment by the wet-leased aircraft flight crew. The Director-General of NCAA, Capt. Musa Nuhu in…

Drama as Abuja bound aircraft lands in Asaba, United Nigeria blames ‘bad weather’ for diversion

Posted on November 26, 2023November 26, 2023 by Wole Shadare

Passengers on a United Nigeria flight NUA 0504 which took off from Lagos to Abuja ‘shockingly’ found themselves at Asaba airport. Immediately after the aircraft landed at the Asaba airport, the cabin crew announced to the excited passengers that they had landed in Abuja. As they looked through the aircraft windows, the reality dawned on them that they were actually in Asaba and not Abuja which bore the boarding pass they were holding and one…

ASKY mulls partnership with Nigerian airlines

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

Pan African airline, ASKY said it plans to partner with the local Nigerian operators to have commercial agreements to connect the traffic from all the geopolitical zones of Nigeria and feed ASKY either in Abuja or Lagos. The carrier hinted that doing so would help it to penetrate the vast network within the continent of Africa. The Chief Executive Officer of the airline, WoldeMariam Hailu while speaking on various issues about the carrier and aviation in…

Ethiopian Airlines in it for the long-haul, commits to a further 11 A350-900s

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

Less than 24 hours after agreeing order for 67 Boeing aircraft, Ethiopian Airlines Group did it again by Ethiopian’s flagship signing a memorandum of understanding (MoU) for 11 additional Airbus A350-900s to be added to its existing fleet. The latest agreement takes Ethiopian Airlines’ total order book and commitment for the A350 to 33, including four A350-1000s. The carrier currently operates a fleet of 20 A350-900s and with this commitment, it will confirm its position…

NSIB cautions over speculations, likely cause of ValueJet’s taxi-way ‘excursion’, begins probe

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

The Nigerian Safety Investigation Bureau (NSIB) said it had been notified about an incident involving a Bombardier CRJ-900LR aircraft with nationality and registration 5N-BXR belonging to ValueJet Airlines which occurred around 3:32 pm (Local Time) on November 14th, 2023 at the Port-Harcourt International Airport. The Bureau’s Director of Public Affairs and Consumer Protection of NSIB, Dr. James Odaudu in a statement late Tuesday said the agency had commenced the process of unraveling the immediate and…

Saudi Arabia cancels visas of 264 Nigerians, deports 170

Posted on November 13, 2023November 13, 2023 by Wole Shadare

Immigration source gives possible reasons for visa cancellations Saudi Arabian authorities on Monday cancelled the visas of all 264 Nigerians who arrived Jeddah from Kano. The Arabian nation consequently ordered the deportation of many Nigerians on Air Peace flight. It is not clear what led to the visa cancellation but an Immigration source told Aviation Metric under a condition of anonymity that nations can cancel visas already issued if they have strong reasons to do that. Such…

It’s cruel to say we run a drug cartel, SAHCo tells NDLEA

Posted on November 13, 2023November 13, 2023 by Wole Shadare

Denies N13 billion drugs seized from warehouse Skyway Aviation Handling Company Plc (SAHCo) said it amounts to cruelty for the National Drug Enforcement Agency (NDLEA) to insinuate that the firm runs a drug cartel following a statement by the anti-narcotics agency that it busted a drug syndicate using the Skyway Aviation SAHCo shed of the Murtala Muhammed International Airport, Ikeja Lagos to peddle drugs. The NDLEA, it would be recalled said on Sunday that…

Emirates reports highest-ever six months profit HY1

Posted on November 9, 2023 by Wole Shadare

Emirates goes into Dubai Airshow week with solid results, reporting its highest-ever six-month result for HY1 of the financial year 2023/2024. The carrier produced an AED 10.1 billion ($2.7 billion) consolidated net profit of the period. Emirates Group posted its highest-ever fiscal half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand. The figure eclipsed its half-year profit of the previous year — 4.2 billion dirhams — by 138%….

Airbus delivers 488 aircraft, revenue up €42.6b, EBIT adjusted €3.6b in nine month

Posted on November 8, 2023November 8, 2023 by Wole Shadare

Free cash flow before M&A and customer financing € 1.0 billion Airbus reported consolidated financial results for the nine months ended 30 September 2023, as the firm continues to make progress in its operational plan in a global environment that has become increasingly complex. “The nine-month earnings reflect higher commercial aircraft dein a global environment liveries, the good performance in helicopters as well as charges linked to the reassessment of certain satellite development…