Business Archives - Page 19 of 104

Access Bank provides Naira debt facility to fund Green Africa’s ATR 72-500 airplane

Posted on April 1, 2025 by Wole Shadare

Green Africa, Nigeria’s Lagos-based value airline, has announced the acquisition of its very first owned aircraft. The incoming aircraft, an ATR 72-500 with manufacturer’s serial number 852 and registration mark 5N-GAB, is expected to enter into service shortly after customary regulatory approvals. Access Bank, one of the largest banks in Nigeria and on the continent, provided a Naira debt facility to partly fund the aircraft acquisition. Founder and CEO of Green Africa, Babawande Afolabi said,…

Expert seeks dedicated Forex allocation to halt aircraft depletion, others

Posted on April 1, 2025April 1, 2025 by Wole Shadare

The Chief Executive of Belujane Konsult, Mr. Chris Aligbe has called for a dedicated Foreign Exchange allocation to the airlines not just for anything but for maintenance and for payment of their lease rentals. This he said would alleviate the carriers’ burden of frantically looking for forex to bring back their aircraft that had been ferried overseas for maintenance; a situation he noted has led to depletion of operating aircraft by the airlines. Speaking to…

United acquires $177M training facility at George Bush Intercontinental Airport

Posted on March 25, 2025 by Wole Shadare

United has announced another investment in its Houston hub by breaking ground on a new 140,000-square-foot Ground Service Equipment (GSE) Maintenance Facility at George Bush Intercontinental Airport (IAH). The carrier equally opens a new, state-of-the-art Technical Operations Training Center at the airport that will give employees a cutting-edge training experience. United is the largest airline in Houston, with more than 14,000 employees and more than 500 daily departures. These planned infrastructure improvements underscore the airline’s…

FAAN shuts Ibadan airport for upgrade

Posted on March 23, 2025 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) on Sunday, announced the temporary closure of the Samuel Ladoke Akintola Airport (SLAA), Ibadan, for upgrade works targeted at improving the infrastructure to an international status. In a statement signed by Mrs. Obiageli Orah, FAAN’s spokesperson, the Authority confirmed that the Federal Government had approved the closure, adding that the Nigeria Airspace Management Agency (NAMA) has consequently closed the runway and suspended airport operations in…

Kenya Airways mulls return to Abuja, weighs options

Posted on March 18, 2025 by Wole Shadare

Kenya Airways said it was still considering plans to return to Abuja few years after it exited the route, just as it described Abuja route as very relevant point for the carrier. It noted that it offers greater flexibility and convenience for travellers, reinforcing their dedication to the Nigerian market. Speaking to journalists last week in Lagos, Regional Manager, America and West Africa for the airline, Ngamau Stephen also stated that the availability of in terms…

Sosina: Airports, airlines reaping liberalization benefits

Posted on March 17, 2025 by Wole Shadare

A former Secretary-General of African Civil Aviation Commission (AFCAC), Iyabo Sosina said the Single Africa Air Transport Market (SAATM) otherwise known as Africa’s version of the United States ‘Open Skies policy has helped the continent to increase capacity and flight services in the continent. Describing it as a win-win for as many countries in Africa that has adopted the air transport policy, Sosina said, “If you are actually going to look at the passenger figures…

Aviation Personality Of The Year Award: Keyamo gets stakeholders’ nod

Posted on March 12, 2025 by Wole Shadare

The coordinator of the 14th Nigeria Aviation Award Performance Review community Mr Fortune Idu said, aviation stakeholders have overwhelmingly passed vote of confidence on the Minister of Aviation and Aerospace Development Mr Festus Keyamo as the Aviation Personality of the Year 2024%. According to Idu, this was shown at the just concluded Nigeria Aviation award votes opened to public survey for the 14th NIGAV Awards He said it was a true vote of public confidence…

Kenya Airways in strategic interline partnership talks with Nigerian carrier

Posted on March 12, 2025 by Wole Shadare

…Increases capacity by 21%, raises frequencies to ten on Lagos route The national airline of Kenya, Kenya Airways is in discussions for a strategic partnership and Special Prorate Agreement (SPA) with a Nigerian carrier (name withheld). While not mentioning the name of the carrier, there are indications that the carrier in question is one of the airlines under the Assets Management Corporation of Nigeria (AMCON) Receivership. The collaboration according to the airline aims to…

United Nigeria adds Katsina to route network

Posted on March 10, 2025March 10, 2025 by Wole Shadare

United Nigeria Airlines has added Katsina to its route operations. The carrier launched flight service to the Umaru Musa Yar’Adua Airport, Katsina. The airline’s inaugural flight to Katsina from Abuja was received by Governor Dikko Umar Radda, state officials, traditional rulers, All Progressives Congress (APC) leaders, and the Igbo community in Kastina State. On board were the airline’s founder, Prof. Obiora Okonkwo, former Katsina State Governor, Bello Masari, APC National Secretary, Senator Ajibola Bashiru, Deputy…

Ex-NAHCo workers seek inclusion in N758 billion pension bond, petition Tinubu

Posted on March 7, 2025March 7, 2025 by Wole Shadare

Former workers of Nigerian Aviation Handling Company Plc (NAHCo) have taken their plight to the Federal Government. Their plight is a direct result of the privatization exercise that took place in 2005, which left 936 of them without their one-time severance package. The group urged the Federal Government to intervene in the bureaucratic bottlenecks that have delayed their settlement. They noted that time is of the essence, as they were losing their aged members daily, stressing…

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