Business Archives - Page 21 of 104

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…

‘Single window initiative aligns with FG’s $1 trillion economy’

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

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, has urged stakeholders to embrace the Single Window Initiative. This vision she said aligns with the Federal Government’s goal of expanding the national economy to $1 trillion. Speaking at the sidelines of the National Single Window Stakeholders’ Forum in Lagos, she emphasized the initiative’s role in enhancing trade facilitation and positioning Nigeria as a global economic powerhouse. Kuku highlighted the Single…

Max Air: Cycle of incidents

Posted on February 2, 2025February 2, 2025 by Wole Shadare

In the final days of December 2024, the aviation industry faced seven alarming incidents across countries, including Kazakhstan, South Korea, Canada, Norway, Germany, and UAE. The New Year continued with a series of scary incidents and accidents including so many technical issues necessitating air returns, which have put the sector at home and overseas on the edge. The frequent aircraft incidents in Nigeria have equally raised concern for an industry that operates lesser aircraft frequency…

African airline cargo demand up 8.5% in 2024, continent accounted for 2% air cargo mkt

Posted on January 29, 2025January 29, 2025 by Wole Shadare

African airlines saw 8.5% year-on-year demand growth for air cargo in 2024 according to the International Air Transport Association (IATA) full-year analysis of the air cargo sector’s performance based on traffic and capacity data captured in each region worldwide. On a year-on-year basis in 2024, African airlines saw 8.5% year-on-year demand growth for air cargo; an increased cargo capacity by 13.6% year-on-year achieving a 41.8% cargo load factor (i.e. less than half of the available…

Panic as US-bound United flight makes emergency return to Lagos, passengers injured

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

Passengers onboard a United States-based airline from Lagos to Washington Dulles were left injured as the B787 Dreamliner struggled mid-air, declared an emergency squawking transponder code 7700 and returned to Lagos a few hours after take-off from the Murtala Muhammed International Airport, Lagos. The United’s Flight UA613 Dreamliner airplane had 245 passengers onboard. The nature of the emergency is yet unknown. The 12.1-year-old wide-body aircraft belonging to the US carrier registered N27903 was carrying 245…

Afrijet, Air Sierra Leone ink ground handling contract with NAHCo

Posted on January 22, 2025January 22, 2025 by Wole Shadare

The Nigerian Aviation Handling Company PLC (nahcoaviance), has been chosen by regional operators, Afrijet and Air Sierra Leone, to handle their ground operations in Nigeria. The contracts between the parties would see NAHCO provide excellent service for Afrijet’s flights into Port Harcourt and Lagos. The Company will also handle Air Sierra Leone’s flights to Lagos. The contract with Afrijet is for three years, from 2024 – 2027, while NAHCO will handle Air Sierra Leone for…

NiMet workers petition Tinubu, Keyamo over poor salary structure

Posted on January 20, 2025January 20, 2025 by Wole Shadare

Some workers of the Nigerian Meteorological Agency (NiMet) have written to President Bola Ahmed, the Minister of Aviation and Aerospace Development, Festus Keyamo and the Secretary to the Federal Government over the significant salary disparity between NiMet staff and their counterparts in the Federal Airports Authority of Nigeria (FAAN), the Nigerian Civil Aviation Authority (NCAA), Nigerian Airspace Management Agency (NAMA) and the Nigerian Safety Investigation Bureau (NSIB). They noted that the salaries of those of…

Delta begins Centenary with game-changing innovations

Posted on January 15, 2025 by Wole Shadare

Delta ushered in its 100th anniversary with a larger-than-life presence at CES 2025 in Las Vegas. Spearheaded by a first-of-its-kind keynote delivered by CEO Ed Bastian at Sphere, Delta’s appearance at the tech event commemorated a century of groundbreaking aviation milestones and the airline’s commitment to innovation, all powered by people. This is coming as passengers flying from the Murtala Muhammed International Airport to Hartsfield-Jackson Atlanta International Airport (ATL) this holiday season have been promised…

African airlines’ increase demand rises by 12.4%

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

African airlines saw a 12.4% year-on-year increase in demand. Capacity was up 6.0% year-on-year. The load factor rose to 72.9% (+4.1 ppt compared to November 2023) according to the International Air Transport Association (IATA) which released data for November 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometres (RPK), was up 8.1% compared to November 2023. Total capacity, measured in available seat kilometres (ASK), was up 5.7% year-on-year. The November…

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