Business Archives - Page 101 of 101

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….

No plan to shut airspace as Unions suspend planned strike

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

The Nigerian Civil Aviation Authority has denied allegations that the country is closing its airspace to flight operations. The NCAA noted that the issue it had with its workers’ union is being resolved with a peace meeting slated for Monday between the union and management, adding that there was no basis for airspace closure. The agency stated that no time was closure of the airspace contemplated, adding that the union had on Friday last week…

Non-implementation of customs waiver costs airlines N500bn

Posted on March 4, 2016 by Wole Shadare

Three years after the Federal Government approved waivers on Customs duties for aircraft and spare parts, indigenous airlines are yet to benefit from the policy. Airline operators said that they could have saved over N500 billion if government had implanted the policy since 2012. Managing Director of Arik Air, Mr. Chris Ndule, lamented that airlines still pay 50 per cent Customs duty on spare parts. Speaking to woleshadare.net on the sideline of a seminar in…

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