Business Archives - Page 21 of 100

Relief as Lagos plans to fix deplorable MMA airport access road

Posted on October 18, 2024 by Wole Shadare

At last, the Federal Airports Authority of Nigeria (FAAN) has listened to the harrowing pain of private jet operators, aviation agency workers and other users of the access road leading from the domestic wing of the Lagos airport to the international wing of the airport. However, worried by the negative image it has to the FAAN and the country at large, the Managing Director of FAAN Mrs. Olubunmi Kiku has expressed her joy for the…

Q3 result: United records $1.3B pre-tax earnings, announces $1.5B share repurchase prog.

Posted on October 16, 2024October 16, 2024 by Wole Shadare

Year-to-date generated $7.2 billion of operating cash flow, $3.4 billion free cash flow United Airlines (UAL) on Wednesday reported third-quarter 2024 financial results. The company had pre-tax earnings of $1.3 billion, with a pre-tax margin of 8.7%; adjusted pre-tax earnings1 of $1.4 billion, with an adjusted pre-tax margin1 of 9.7%. The company also achieved diluted earnings per share of $2.90; and adjusted diluted earnings per share1 of $3.33, ahead of the third-quarter 2024 guidance provided at the start of the quarter of $2.75 to $3.25. To…

ATC shortage: NAMA completes proficiency checks for 339 controllers, promotion efficiency for 69 others

Posted on October 16, 2024 by Wole Shadare

Farouk lists achievements in ATC training, capacity in 10 months To tackle the shortage of air traffic controllers in the country and to replace the ageing controllers, the Nigerian Airspace Management Agency (NAMA) has conducted annual proficiency checks for 339 air traffic controllers. The proficiency tests took place between December 2023 and October 2024. The checks for the controllers were done in conjunction with NAMA and the Nigeria Civil Aviation Authority (NCAA) and the promotion…

SAA increases flights to key African destinations

Posted on October 13, 2024 by Wole Shadare

South African Airways (SAA) has announced a significant increase in flight frequencies to key African destinations, starting November 2024. SAA will also increase its flights to Mauritius in December and to Perth in January next year. Starting in November, SAA will operate 12 weekly flights to Harare and Lusaka, up from 10 times a week to both destinations. Flights to Lagos and Accra will increase four times a week, up from three weekly flights. In…

Why FAAN restricts cargo operations to designated areas, imposes N5000 non-compliant levy-Orah

Posted on October 8, 2024 by Wole Shadare

Dismisses extortion allegation of officers The Federal Airports Authority of Nigeria (FAAN) has called on cargo agents travellers and all people dealing in cargo to restrict their cargo operations to designated cargo areas by utilizing proper vehicles, and personnel and to pay the necessary levies. FAAN’s Director of Public Affairs and Consumer Protection, Mrs. Obiageli Orah in a statement on Tuesday said FAAN’s cargo policies are designed to ensure adherence to international best practices,…

NAMA’ s move to complete Surface Movement Radar for Lagos, Abuja airports ‘ll curb airside, ground incidents, others

Posted on October 6, 2024October 6, 2024 by Wole Shadare

NAMA sensitizes stakeholders The Nigerian Airspace Management Agency (NAMA) is on the verge of completing the installation of Surface Movement Radar (SMR) for the country’s two busiest aerodromes of Lagos and Abuja. The installation of this safety ground surveillance tool would help to detect negligent and criminal activities on the ground that are inimical to air safety including runway incursions, excursions and incidents of stowaway. The SMR projects at both Lagos and Abuja airports…

Canada to reduce study permits for Nigerians, others

Posted on October 3, 2024October 3, 2024 by Wole Shadare

Cuts int’l study permit by 10%, improves asylum integrity Budgets $743.5 million to strengthen asylum system in five years Canada is taking far-reaching measures to tackle immigration challenges it faces particularly on job shortages and to improve the integrity of the asylum system. Consequently, the Canadian government has announced key changes to its immigration policies, impacting international students and temporary foreign workers. These changes are set to begin in late 2024 and are part…

Experts: Nigerian carriers in dire straits, need urgent assistance

Posted on September 30, 2024 by Wole Shadare

Some experts have taken a holistic look at the industry and came up with a verdict that the aviation industry in Nigeria needs urgent rescue to get out of its precarious situation. Aligbe Aviation consultant and the Chief Executive Officer of Belujane Consult, Mr Chris Aligbe while featuring alongside other analysts, Mr Toni Ukachukwu and the Secretary General of Aviation Round Table (ART), Mr Olumide Ohunayo on a television programme at the weekend said Nigerian…

Bi-Courtney Joins Global Efforts for a Cleaner World

Posted on September 27, 2024September 28, 2024 by Wole Shadare

Bi-Courtney Aviation Services Limited, managers of the Murtala Muhammed Airport Terminal 2 has participated in World Cleanup Day. As part of its commitment to environmental sustainability, the company joined communities worldwide in the collective effort to clean up litter and promote a cleaner, healthier planet. This year’s World Cleanup Day took place on September 20. The aim is to activate five per cent of the world’s population to catalyze lasting societal behaviour change around mismanaged…

Aviation: FG alerts concessionaires on taking over workers’ liabilities

Posted on September 23, 2024 by Wole Shadare

Minister of Aviation and Aerospace Development, Festus Keyamo said the new focus with the concession of some airports in Nigeria is to ensure that would-be concessionaires take over the liabilities they meet and to ensure that no worker of the Federal Airports Authority of Nigeria (FAAN) loses his job. The Minister who spoke on the sidelines of the launch of the travel portal by the Nigerian Civil Aviation Authority (NCAA) at the weekend said he…

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