Business Archives - Page 18 of 104

Airbus’ Q1 2025 results demonstrate resilience, gross plane orders totaled 280

Posted on April 30, 2025April 30, 2025 by Wole Shadare

Aircraft giant, Airbus’ Q1 results demonstrates the progress the company is making on its priorities across the business. The firm is ramping up production in line with its plan but the delivery profile will be back loaded, reflecting the specific supply chain challenges they are facing this year, said Guillaume Faury, Airbus Chief Executive Officer. “We maintain the guidance that excludes tariffs which are adding complexity and remain uncertain in terms of implementation, scope and…

African airlines record -13.4% drop in demand for air cargo in March 2025

Posted on April 29, 2025 by Wole Shadare

Slowest of all regions, says, IATA African airlines saw a -13.4% year-on-year decrease in demand for air cargo in March, the slowest among the regions. Capacity increased by 10.5% year-on-year. Demand for air cargo is a useful barometer of trade, with many high-value items transport by air, such as smart phones and IT equipment, automotive components, precious metals and gems, perishable food items and pharmaceuticals. E-commerce shipments and other courier items are also a growing…

Qatar Airways to Launch FIFA World Cup 2026 Travel Packages, Partners FIFA

Posted on April 25, 2025 by Wole Shadare

Qatar Airways to Launch FIFA World Cup 2026 Travel Packages, Partners FIFA As the 2026 FIFA World Cup approaches, Qatar Airways Holidays has opened registration for the all-in-one travel packages that include flights, accommodation, transfers and match tickets. Consequently, Qatar Airways’ leisure division, Qatar Airways Holidays is set to launch unparalleled travel packages for the FIFA World Cup 2026 in Canada, Mexico and the United States. The much-awaited tournament will have 48 teams competing during…

Boeing confirms China aircraft deliveries have stalled

Posted on April 24, 2025April 24, 2025 by Wole Shadare

Boeing has stated in its latest quarterly update that Chinese airlines do not intend to take delivery of new aircraft. The aircraft maker confirmed that aircraft deliveries to China have effectively come to a standstill. CFO Brian West stated during the Q1 2025 earnings call that “many of our customers in China have indicated they will not take delivery” due to retaliatory tariffs”. “The only region that we have an issue with aircraft delivery today…

Air Peace suspends flight services over NiMet workers’ strike, foreign airlines monitor situation

Posted on April 23, 2025April 24, 2025 by Wole Shadare

Agency decries strike action by unions ValueJet reviews operations The industrial action embarked upon by the workers of Nigerian Meteorological Agency (NiMet) may have taken a huge toll on airlines as Air Peace has suspended all its flight operations nationwide with immediate effect. Foreign carriers are monitoring the situation keenly to determine the next line of action to take concerning the industrial crisis that may force them to suspend flight services. VlueJet on Wednesday…

FAAN closes Enugu airport for two weeks to fix runway

Posted on April 19, 2025April 19, 2025 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) said will shut down the Akanu Ibiam International Airport, Enugu to allow for essential runway maintenance works. According to the agency, the airport would be temporarily closed from April 22 to May 6th, 2025, for runway repairs. FAAN’s Director of Public Affairs and Consumer Protection, Mrs. Obiageli Orah in a statement early Saturday, explained that there is a sudden and significant rupture in the asphalt surface at a…

How cross border trade hurts Nigeria’s travel trade, five offshore firms under FG’s watch

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

Minister supports initiative to boost sector The Minister of Aviation and Aerospace Development, Festus Keyamo said the Federal Government would support initiative that would help boost the country’s travel trade. The Minister who was represented by the Director of Special Duties OF Federal Airports Authority of Nigeria (FAAN), Mr. Henry Agbebire at the 49th Annual General Meeting of the National Association of Nigeria Travel Agencies (NANTA) in Lagos on Wednesday said the summit would the…

Qatar Airways Nears Boeing 777 Fleet-Wide Starlink Upgrade

Posted on April 8, 2025April 8, 2025 by Wole Shadare

…Set to Expand to Airbus A350 this Month Qatar Airways, the largest global airline offering Starlink’s high-speed internet on-board, is now a few aircraft away from completing its Boeing 777 fleet-wide upgrade. The airline’s rapid rollout reinforces in-flight innovation leadership and marks one of the fastest and most ambitious Starlink installations in the aviation industry. In its latest global first, Qatar Airways will begin equipping its Airbus A350 fleet with Starlink Wi-Fi this month,…

IATA: African airlines record 6.7 per cent year-on-year increase in demand

Posted on April 7, 2025 by Wole Shadare

The International Air Transport Association (IATA) released data for February 2025 global passenger demand for all the regions of the world. According to the statistics, African airlines saw a 6.7% year-on-year increase in demand. Capacity was up 4.0% year-on-year. The load factor rose to 75.3% (+2.0 ppt compared to February 2024). “While traffic growth slowed in February, much of this can be explained by factors including the leap year, and lunar new year falling in January…

Oyo, NAMA in strategic partnership to transform Ibadan airport

Posted on April 4, 2025April 4, 2025 by Wole Shadare

The Managing Director of the Nigerian Airspace Management Agency (NAMA), Ahmed Umar Farouk has held a strategic meeting with the Governor of Oyo State, Seyi Makinde over the planned transformation of the Ibadan Airport into a world-class facility. This ambitious project aims to significantly enhance passenger experience, boost air traffic, and drive economic growth in Oyo State and the entire Southwest region. Governor Makinde has not hidden his desire to upgrade the Ibadan airport with world-class…

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