Business Archives - Aviation metric

Jet fuel price volatility threatens supply companies’ viability, warns CITA Energies Chief

Posted on October 20, 2026October 20, 2026 by Wole Shadare

Unstable global pricing for aviation turbine kerosene (ATK), commonly known as jet fuel, seriously threatens the financial stability and long-term viability of jet fuel suppliers. Without robust risk management and strategic pricing frameworks, marketers face significant exposure to structural operating losses. CITA Energies Limited Chairman and Chief Executive Officer Dr Thomas Ogungbangbe delivered this warning during the company’s 20th Anniversary celebration. Speaking to Aviation Metric on the sidelines of the event to celebrate two decades…

FAAN MD: Financing talks for Lagos airport rail extension reach advanced stage

Posted on October 18, 2026October 18, 2026 by Wole Shadare

Efforts to integrate Murtala Muhammed International Airport (MMIA) into the Lagos Mass Transit Red Line rail network have gained significant traction, with financing discussions now at an advanced stage, according to the Federal Airports Authority of Nigeria (FAAN). FAAN’s Managing Director and Chief Executive Officer, Mrs Olubunmi Kuku, disclosed this while serving as a keynote panellist at the World Aviation Festival in Lisbon, Portugal, held under the theme ‘Defining the Airport of the Future…

Surging revenues, strong balance sheet drive United Nigeria’s pioneer ₦100bn debt programme

Posted on October 16, 2026 by Wole Shadare

Bolsters expansion, global reach with maiden commercial paper issuance In a historic move for Nigeria’s aviation industry, United Nigeria Airlines Company Limited will become the first domestic carrier to issue commercial paper, launching an initial tranche of ₦20 billion. The milestone debt issuance marks a significant step forward in capital market financing for local airlines, providing a robust framework to support the operator’s ambitious growth trajectory. According to the airline’s September 2026 investor presentation, which…

Air Peace takes delivery of E190 jet, breaks tradition on aircraft naming

Posted on October 7, 2026 by Wole Shadare

Nigeria’s flag carrier airline, Air Peace, has taken another major step in its strategic fleet expansion programme with the delivery of an Embraer 190 jet. The new arrival brings the airline’s total Embraer fleet to 18 aircraft, including the ultra-modern E195-E2 series, for which Air Peace is the African launch customer. The 96-seat jet touched down at Terminal 2 of the Murtala Muhammed International Airport, Lagos, at approximately 5:00 p.m. on Wednesday, October 7, 2026….

67 Years in the Sky: Sanusi Lauds AMCON, urges FG to protect Aero Contractors as “National Treasure”

Posted on October 5, 2026October 5, 2026 by Wole Shadare

The Managing Director of Aero Contractors, Capt. Ado Sanusi, has paid a glowing tribute to the Asset Management Corporation of Nigeria (AMCON), crediting the debt recovery agency with saving Nigeria’s oldest airline from total collapse during its lowest point in 2016. Speaking in his keynote address to mark the airline’s 67th anniversary, Sanusi recalled how AMCON stepped in, acquired a majority stake, and gave the carrier a vital lifeline. He expressed deep gratitude to the…

Minister: Competition, increased seat capacity driving down airfares

Posted on September 29, 2026September 29, 2026 by Wole Shadare

…Nigeria leads SAATM push The Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has attributed the recent downward moderation in domestic airfares to an influx of aircraft capacity and surging passenger traffic, which together have fostered a healthier, competitive market. Speaking on the sidelines of the recently concluded Airports Council International (ACI) Africa Conference in Abuja, Keyamo admitted that airfares have dropped significantly from the peak levels witnessed during the December–January high-demand period. He…

Ground handlers freeze XEJet operations over N300m unpaid debt, warn other carriers

Posted on September 28, 2026 by Wole Shadare

Ground handling services for indigenous carrier XEJet Airlines came to a sudden halt on Monday after the Aviation Ground Handlers Association of Nigeria (AGHAN) directed its members to immediately withdraw all ramp support and handling operations over an outstanding debt of about N300 million. The sudden blackout has thrown XEJet’s daily operations into disarray, leaving passenger baggage handling and aircraft ramp services stranded. To cushion the immediate impact, the airline scrambled emergency measures, including diverting…

SAHCO elevates inclusive aviation services with landmark AmbuLift acquisition

Posted on September 25, 2026 by Wole Shadare

Skyway Aviation Handling Company PLC (SAHCO) has significantly raised the bar for inclusive passenger handling in Nigeria’s aviation industry by acquiring and deploying a state-of-the-art, high-capacity AmbuLift. With this strategic move, SAHCO becomes the sole aviation ground handling company in Nigeria to own and operate this specialised equipment. Designed to deliver safe, dignified, and seamless embarkation and disembarkation services for Passengers with Reduced Mobility (PRM), including wheelchair users and stretcher-bound passengers, the AmbuLift features…

Minister: Passenger growth not enough, Next-Gen airports must drive performance

Posted on September 22, 2026September 22, 2026 by Wole Shadare

…decries Africa’s connectivity bottlenecks, urges full SAATM exploitation Minister of Aviation and Aerospace Development, Festus Keyamo, has declared that passenger traffic growth alone will not transform the continent’s aviation sector, calling instead for a deliberate shift toward sustainable performance, infrastructure modernisation, and deeper intra-African connectivity. Speaking in Abuja at the opening of the Airport Council International (ACI) Africa Regional Conference & Exhibition—themed “Next-Gen Airports Driving Performance and Resilience”, Keyamo emphasised that modernising the nation’s gateways…

Iyayi: Communication gaps, inadequate facilities behind airlines’ delay crisis

Posted on September 21, 2026September 21, 2026 by Wole Shadare

…Seeks systemic reforms amid Air Peace-NCAA dispute Chief Executive Officer of Top Brass Aviation Limited and member of the Airline Operators of Nigeria (AON) Board of Trustees, Roland Iyayi, has weighed in on the ongoing crisis surrounding flight delays and cancellations in Nigeria, attributing the core of the issue to a severe lack of proper communication regarding the actual challenges operators face. Speaking to Aviation Metric, Iyayi lamented that the underlying causes of flight disruptions…

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