Business Archives - Page 16 of 100

Minister restores industrial harmony to FAAN over unions’ concession, wage disputes

Posted on March 1, 2025 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) said it is working to resolve the imbroglio between it and the aviation unions over the alleged non- inclusion of members in the ongoing airports concession and the delay in the implementation of the negotiated consequential adjustment of the new minimum wage among others. FAAN’s Director of Public Affairs and Consumer Protection, Mrs. Obiageli Orah explained that the issues were presented to the Minister of Aviation and Aerospace…

Africa’s passenger demand growth up by 10% in January

Posted on February 27, 2025February 27, 2025 by Wole Shadare

African airlines saw a 14.9% year-on-year increase in demand just as capacity was up 11.2% year-on-year. The load factor rose to 75.9% (+2.4 ppt compared to January 2024). This was disclosed by the International Air Transport Association (IATA) in a data released for January 2025 showing global passenger demand. Total demand, measured in revenue passenger kilometers (RPK), was up 10.0% compared to January 2024. Total capacity, measured in available seat kilometers (ASK), was up 7.1% year-on-year….

Africa’s accident rate rose in 2024 with zero fatality-IATA

Posted on February 26, 2025February 26, 2025 by Wole Shadare

Delayed, incomplete accident reports deny critical stakeholders safety improvement The International Air Transport Association (IATA) has expressed concern over high accident rates in Africa. This is coming as the industry delivered another year of strong overall performance on safety including showing improvements on the five-year average for several key parameters, but it took a step back from an exceptional performance in 2023. With 10 accidents in 2024, the all-accident rate rose from 8.36 per million…

Comply with regulations, NCAA tells ATOs

Posted on February 24, 2025 by Wole Shadare

Approved Training Organisations (ATOs) have been asked to comply with rules governing their operations while training personnel. The Director-General of Nigeria Civil Aviation Authority (NCAA), Capt. Chris Najomo gave the advice at a stakeholders’ workshop on Managing Approved Organisations’ Compliance with the Nigeria Civil Aviation Regulations, Nig. CARs, held in Lagos. Najomo, represented by the General Manager, Licensing, NCAA, Mr Hyelni Bassi, said ATOs play very important roles in the aviation ecosystem, adding that the…

Keyamo: New Telegraph award ‘ll spur us to do more for aviation

Posted on February 22, 2025February 23, 2025 by Wole Shadare

Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has expressed gratitude to the management of New Telegraph for awarding him Minister of the Year (Transformative Leadership), adding that the award shows that Nigerians scrutinized his actions in office in less than two years he mounted the saddle. Speaking to journalists after he was presented with the award, an elated Keyamo used the occasion to thank the Chief Executive Officers of the aviation agencies,…

World getting more romantic: Flower trade rises to $3.7 billion in 2024 from $852 million in 2003

Posted on February 18, 2025 by Wole Shadare

…sector crucial to Kenya’s exports, a growing Ethiopian export The value of the trade in flowers transported by air has risen in a rather spectacular fashion from $ 852 million in 2003 to $3.7 billion in 2024 – a four-fold increase. As this market has grown, there has been a noticeable shift and concentration among its participants. Imports were dominated by the US, the UK, and Germany in 2003, with respective shares of total…

Aviation minister’s visit to Ethiopian Airlines facilities fuels national carrier project revival

Posted on February 17, 2025February 17, 2025 by Wole Shadare

· They requested for a courtesy call, says Keyamo The visit of the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo and his delegates to Ethiopian Airlines facilities in Addis Ababa, Ethiopia has led to insinuations that the Federal Government may be looking to revive the suspended Nigeria Air projected which Keyamo and others have termed ‘not transparent’ and one ‘skewed against the country’s interest’. A statement posted on the airline’a verified X handle…

Okonkwo: Multiple charges, airlines’ albatross

Posted on February 12, 2025February 12, 2025 by Wole Shadare

…says forex policy, Cape Town conventions has imparted operations positivel Founder of United Nigeria Airlines, Professor Obiora Okonkwo on Wednesday said multiple charges by government agencies in the country’s aviation sector remains domestic operators’ nightmare and called on the federal government to urgently address the challenge. He however said the forex policy of President Bola Ahmed Tinubu has been of tremendous advantage to the airline industry and provided some relief adding also that the…

Minister, UAE sign amended air pact, Air Peace inks interline deal with Emirates

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

Expand travel choices to 13 cities in Nigeria The Minister of Aviation and Aerospace Development, Festus Keyamo, has signed the amended Bilateral Air Service Agreement (BASA) between Nigeria and the United Arab Emirates (UAE). The landmark agreement was executed during the International Civil Aviation Organisation (ICAO) Global Implementation Support Symposium (GISS) 2025, in a high-level meeting with H.E. Abdulla Bin Touq Al Marri, UAE’s Minister of Economy, solidifying mutual aviation ties between both nations….

Airline group raises concern over South Africa’s aviation infrastructure

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

The Airlines Association of Southern Africa (AASA) has noted with renewed concern and frustration the recent rash of incidents that disrupted airline operations over the summer peak travel season and throughout this month. The incidents are primarily related to the reliability of re-fuelling infrastructure, electrical power supply and redundancy systems at O.R. Tambo International Airport and Cape Town International Airport. There remains ongoing uncertainty regarding the management of fuel reserves as well as the security…

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