Business Archives - Page 101 of 102

CBN debunks restriction of forex to airlines

Posted on March 29, 2016 by Wole Shadare

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…

Nigeria tops business aviation market

Posted on March 22, 2016 by Wole Shadare

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….

Despite challenges, Medview impresses on Lagos-London route

Posted on March 10, 2016 by Wole Shadare

*Set to begin Dubai in summer The Managing Director of Nigeria’s flag carrier airline, Medview, Alhaji Muneer Bankole said the challenges of operating Lagos-London are enormous but noted that the carrier has done very well as could be rated as the best Nigerian airline on the lucrative route. Speaking yesterday at Medview Airline Trade Partners Forum held at Sheraton Hotels, Ikeja, the airline chief said they studied what Nigerians wanted that other major international carriers…

Emirates to unveil new Business Class seat

Posted on March 8, 2016 by Wole Shadare

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…

GE Aviation: General Electric creates new digital business

Posted on March 8, 2016March 8, 2016 by Wole Shadare

GE Aviation announced the creation of a digital organization that brings all of the digital expertise from across Aviation into one business GE Aviation announced the creation of a digital organization that brings all of the digital expertise from across Aviation into one business. This new Digital business will be led by Jim Daily as president and chief digital officer, Engineering and Technology for GE Aviation. “Over the past two years, we have shown the…

Pilot shortage hits Nigeria, US airlines

Posted on March 8, 2016March 8, 2016 by Wole Shadare

• Flyers seek higher pay • Carriers shun local pilots for expats Nigeria and the United States are hit by pilot shortage, a situation that has taken a toll on the sectors in both nations. Heavily hit in the US are midsized and regional airlines. Equally affected are smaller airports such as in Redding, California, or Erie, Pennsylvania, according to figures from the Air Line Pilots Association (ALPA). For Nigeria, aviation industry is, again, experiencing…

BA partners SME’s in Nigeria to grow businesses

Posted on March 6, 2016 by Wole Shadare

Mega Carrier, British Airways has restated its commitment to growth of SME’s in Nigeria by announcing the re-launch of its ‘On Business’ loyalty programme for growing Businesses. The event, which was very successful, with over 100 guests and business owners in attendance, took place at the Eko Hotels and Suites on Thursday, 8th October 2015. The “On Business Loyalty Programme” is designed to help growing businesses make the most of their travel budget, with the…

Nigeria’s aviation loses N400bn yearly – air transporters

Posted on March 6, 2016 by Wole Shadare

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…

Union faults NAPIMS on stoppage of Bristow’s contracts over crash

Posted on March 5, 2016 by Wole Shadare

*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…

IATA predicts dip in profits

Posted on March 5, 2016March 5, 2016 by Wole Shadare

Airline profit expectations for the year ahead have fallen further but remain positive, according to the International Air Transport Association (IATA) quarterly survey of airline CFOs and heads of cargo in October. The rate of expected improvement in profitability over the next 12 months has fallen in October compared to Q1, suggesting that improvements in key drivers might have peaked earlier in the year, said international Air transports Association (IATA) in a report released today….

« 1 … 99 100 101 102 »