Business

The third outing of the Nigerian Business Aviation Conference, held in Lagos, 17 – 18 March clearly demonstrated the country’s progress in the business aviation sector, whilst confirming there was still a long way to go to bring it in line with the more established regions. Welcoming over 150 delegates and speakers Segun Demuren, CEO of EAN Aviation and host of NBAC 2016, opened the event by putting the importance of Nigerian business aviation in…

Flays astronomical fares by foreign carriers The claim by airlines that scarcity of foreign exchange has made their operations difficult has been debunked, as the Central Bank of Nigeria (CBN) disclosed it has been selling to carriers through their banks.   The apex bank noted that part of the strategy has been to identify key sectors and industries that will drive growth and curtail excessive forex demand, adding that airlines have been buying through their…

Despite the economic downturn, Nigeria has continued to rank as country with the highest number of business aviation in Africa followed by South Africa. Growth has been driven predominantly by the oil and gas industry, even though Nigeria’s private jet fleet is larger than the commercial aircraft fleet. However, other sectors, including finance, manufacturing, telecoms and agriculture, are all contributing to a market, which is set to grow more by 10 per cent this year….

Emirates, the world’s largest international airline and a leader in developing innovative products to enhance its passenger comfort in air travel, is set to unveil its new Business Class seat for its Boeing 777 aircraft at ITB Berlin, the international travel trade show which takes place from 9-13 March 2016. The new seat is set to make its commercial debut on Emirates’ 170th Boeing 777 aircraft, a -300ER version which the airline expects to receive…

Stakeholders in the aviation industry have petitioned the Federal Government over Nigeria’s loss of over N400 billion annually for its inability to maximise the huge potentials in the sector. The Secretary General of National Union of Air Transport Employees (NUATE), Olayinka Abioye, said this in Lagos. He said that it is an ugly realisation that while in isolated countries such as Iceland and New- Zealand, air transport contributes five per cent to their Gross Domestic…

*We are committed to safety-Airline In response to the call by Nigeria’s National Petroleum Investment Management Services (NAPIMS), a corporate services unit of the Nigerian National Petroleum Corporation for the termination of Bristow Helicopters contracts in the country following the emergency landing of a Bristow-operated Sikorsky S-76C++ helicopter on Feb. 3, 2016, aviation union has called for restraints.   NAPIMS stated that the fatal accident and recent incident have called into question Bristow’s maintenance and…