Business

Notwithstanding the harsh economic reality, the classification of Nigeria as high yield and mixed income route would continue to make foreign carriers flourish. Managing Director of a leading airline, who preferred anonymity, expressed the view. He said that the pulling out of Iberia from the route was not because it is not lucrative, explaining that the European airline hadn’t built the type of capacity created over the years by airlines such as British Airways, Air…

The Director-General of the International Air Transport Association (IATA), Tony Tyler said progress to achieve Single European Sky (SES) has been frustratingly slow. Tyler made the disclosure today at the European Aviation Club in Brussels, Belgium.  He noted that over those four years, failure to achieve SES has cost European competitiveness at least EUR 20 billion, lamenting that the environment has suffered many millions of tonnes of unnecessary carbon emissions.   His words, “We cannot…

WOLE SHADARE writes that it is often more convenient and faster to fly from a city in West Africa via London, Paris and back to a neighbouring city in West Africa, than to travel direct While many air markets between Africa and countries outside of Africa have been liberalised to a significant extent, most intra-African aviation markets remain largely closed due to restrictive bilateral agreements, which limit the growth and development of air services.  …

CAPTIONS: 1.L-R — DG CAPT MUHTAR USMAN AND COMMITTEE AG CHAIR, HON OSSAI NICHOLAS OSSAI. 2. L-R — DFA, MALLAM NUHU OZIGI, DG AND COMMITTEE AG CHAIR, HON OSSAI NICHOLAS OSSAI 3. GROUP PHOTO OF NCAA MGT AND THE HONS.  

The Ministerial Committee on Airport Security has affirmed its support for the commencement of regional operations at the Murtala Muhaammed Airport Two (MMA2), Lagos, which is being operated by Bi-Courtney Aviation Services Limited. The Air Commodore H. Tukur-led committee, which was set up by the Federal Government to assess the security situation in all Nigerian airports, also expressed satisfaction with the level of security at the terminal.   The committee, which visited MMA2, last Thursday,…

        Strengthens partnership with Taraba People        Stimulates economy with unmatched Turboprop technology   Overland Airways, Nigeria’s leading commuter airline, today launched its City Ticketing Office in Jalingo, Taraba State. The office which is located at SBG House, along Barde Way was commissioned by the Chief of Staff, Government House, Rebo Usman while the Commissioner of Works, Dr. Tafarki Eneme Agbadu and Galadima of Muri, District Head of Jalingo, Alhaji Lamido Abba Tukur presented goodwill…

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….