Business Archives - Aviation metric

United Nigeria Airlines backs expansion drive with landmark ₦22bn capital raise

Posted on November 1, 2026 by Wole Shadare

For decades, Nigeria’s capital markets have viewed commercial aviation through a lens of extreme caution. High operational volatility, foreign exchange pressures, and heavy debt burdens have historically made institutional investors hesitant to back domestic carriers with non-bank debt instruments. That long-standing status quo has now been broken. United Nigeria Airlines (UNA) has successfully closed the first tranche of its ₦100 billion Commercial Paper (CP) programme, raising ₦22 billion in a historic debut that marks…

IATA raises alarm as airline payment processing costs surge to $24.5 billion

Posted on October 27, 2026October 27, 2026 by Wole Shadare

The International Air Transport Association (IATA) has sounded the alarm about rising payment processing costs, revealing that airlines worldwide spent $24.5 billion to process $1.05 trillion in travel sales in 2025. According to fresh data from the clearing house for over 300 global airlines, payment processing costs jumped 10.4% from 2023, far outpacing the 7.7% growth in overall travel sales over the same period, which rose from $977 billion. The figures underscore a stark…

Virgin Atlantic reaffirms commitment to Nigeria as Lagos route reaches 25-year milestone

Posted on October 25, 2026October 26, 2026 by Wole Shadare

Virgin Atlantic executives gathered in Lagos to celebrate a quarter-century of connecting Nigeria to the United Kingdom and mark the 25th anniversary of the carrier’s London–Lagos route. Speaking with Aviation Metric at a ceremony to mark the carrier’s 25 years of operations in Nigeria in Lagos, the Chief Commercial Officer Dave Geer highlighted Nigeria’s central role in the airline’s global network, attributing the route’s longevity and strong performance to deep-rooted partnerships, growing local demand, and…

Aisuebeogun at summit: Why Nigeria needs resilient transport system to survive external shocks

Posted on October 23, 2026October 23, 2026 by Wole Shadare

Says conflicts driving up travel costs Conflicts in major energy-producing regions and severe disruptions along critical global trade routes are escalating operating costs across Nigeria’s transport ecosystem, threatening service reliability and economic growth. Dr Richard Aisuebeogun, a transport expert and former Managing Director of the Federal Airports Authority of Nigeria (FAAN), raised the alarm at the second edition of the Transport Summit, themed “Navigating Global Disruption and The Road Ahead.” Aisuebeogun stated that geopolitical friction…

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…

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