Business Archives - Page 13 of 104

Nigeria to get first dry-lease aircraft October 6, 15 years after blacklist

Posted on September 17, 2025 by Wole Shadare

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the first aircraft under a dry lease agreement will arrive in Nigeria on October 6, 2025, more than 20 years after Nigeria was blacklisted from dry aircraft agreements. He stated that the reforms of the Federal Government on aviation, as they affect Nigerian airlines’ ability to get a cheaper source of aircraft financing through the dry-lease arrangement, are paying off. The Minister, who…

NAMA seeks financial autonomy, begs National Assembly to end 50% deduction

Posted on September 16, 2025September 16, 2025 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) has canvassed for the intervention of the National Assembly to end the 50% revenue deduction and attain financial autonomy. The Managing Director of NAMA, Farouk Umar, who made this plea in his opening remarks at the ongoing 4-day retreat of the House Committee on Aviation in Abuja, maintained that “modernising Nigeria’s aviation sector cannot happen without financial reform.” He called for the full enforcement of section 9(2) of the…

Airlines: How 4% FOB suspension will promote sustainable growth, laud Tinubu, Minister

Posted on September 16, 2025 by Wole Shadare

Airline operators under the aegis of Airline Operators of Nigeria (AON) said President Bola Tinubu’s suspension of 4 per cent Free on Board (FOB) levy on Imports is a clear demonstration of his commitment to creating a business-friendly environment, protecting critical sectors of the economy, and promoting sustainable growth. AON particularly lauded the Minister of Finance, Mr. Wale Edun, for his exemplary leadership as a listening Minister who has shown deep patriotism and responsiveness by heeding…

Aero Contractors Showcases Upgraded MRO Capabilities at Aviation Africa Summit

Posted on September 15, 2025 by Wole Shadare

Nigeria’s oldest aviation company, Aero Contractors, made a strong statement at the just-concluded Aviation Africa Summit and Exhibition in Kigali, Rwanda, by showcasing its upgraded and expanding Maintenance, Repair and Overhaul (MRO) capabilities. The summit, which drew industry leaders, airlines, regulators, and Original Equipment Manufacturers (OEMs) from across the continent, provided a platform for Aero to demonstrate how its MRO division is positioning itself as a trusted partner for airlines seeking efficient, reliable, and Africa-based…

NSIB: Air Peace cabin crew, pilots tested positive for cannabis, alcohol after runway overrun

Posted on September 11, 2025September 11, 2025 by Wole Shadare

…Chides airline over poor internal checks …Incident, wake-up call In a clear violation of safety rules and risking the lives of 103 persons onboard, the incident involving an Air Peace B737-500 which overshot the runways at Port-Harcourt International Airport, River State on July 13, 2025 has been attributed to the ingestion of alcohol by the pilots of the aircraft and a cabin crew member who also tested positive for THC, the psychoactive component in cannabis….

Air Côte d’Ivoire takes delivery of first A330neo

Posted on September 9, 2025September 9, 2025 by Wole Shadare

Air Côte d’Ivoire, the national flag carrier of the Republic of Côte d’Ivoire, has taken delivery of its first of two Airbus A330-900 aircraft. The A330neo is the first wide-body aircraft in Air Côte d’Ivoire’s fleet and is configured in a comfortable four-class cabin layout with four seats in First, 44 in Business, 21 in Premium Economy and 173 in Economy class. The airline is the leading airline in West and Central Africa, with 22…

NCAA summons airlines over recurring passenger complaints, others

Posted on September 9, 2025 by Wole Shadare

Piqued by the growing number of complaints by passengers, the Nigeria Civil Aviation Authority (NCAA) may wield the big stick. This is coming as the aviation regulatory body has called domestic airlines to an emergency meeting over the growing number of flight delays, cancellations and affecting passengers across the country. The meeting, scheduled for Wednesday at the NCAA headquarters in Abuja, was confirmed by the agency’s Director of Public Affairs and Consumer Protection, Michael Achimugu, via…

IATA: Cost of flying impacts air travel benefits, Nigeria ranks sixth top destination from Kigali

Posted on September 5, 2025September 5, 2025 by Wole Shadare

Lauds Rwanda’s giant strides in aviation The International Air Transport Association (IATA) has continued to emphasise the importance of air connectivity in unlocking countries’ economic growth potential and prosperity. The clearing house for more than 300 global airlines however, lamented that the cost of flying impacts the magnitude of the benefits that can be generated by air travel, adding that in the past 50 years, flight costs have decreased by 70% globally, making air…

NAHCO acquires multi-million dollar equipment

Posted on September 3, 2025September 3, 2025 by Wole Shadare

The Nigerian Aviation Handling Company Plc (NAHCO) has acquired a new batch of multimillion-dollar ground support equipment (GSE). The new equipment includes nine brand-new high loaders. This is a crucial step towards the company’s ambitious 2026 goal. The goal is a complete fleet upgrade. The company’s Chairman, Dr. Seinde Oladapo Fadeni, underscored the importance of the investment. He said it benefits not just the company. “The essence of this equipment is not just for the…

Embraer E190-E2, E195-E2 Receive Type Certification from SACAA

Posted on September 3, 2025September 3, 2025 by Wole Shadare

Embraer’s E-Jets E2 family has received type acceptance certification from the South African Civil Aviation Authority (SACAA); another significant milestone in the aircraft’s global success, and reinforcing its suitability for the African market. “This certification opens new opportunities for the aircraft, which has already attained significant success across the world,” said Stephan Hannemann, SVP for Africa and the Middle East, Embraer Commercial Aviation. “Passengers can now look forward to experiencing the E2’s class-leading comfort very…

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