Business Archives - Page 25 of 100

NAF, NAMA share updates on aircraft movement, upgrade surveillance system

Posted on June 26, 2024 by Wole Shadare

To enhance the safety and security of the nation’s airspace, the Nigerian Airspace Management Agency (NAMA) has embarked on upgrading its surveillance infrastructure across the nation’s airports and other remote installations across the country. The Air Force chief shared an update on the NAF’s enhanced capabilities to monitor and identify all aircraft entering and exiting the Nigerian airspace, adding that improved collaboration and partnership between NAMA and the NAF would sustain the current security and…

Amid airport security challenges, FAAN commissions 120 AVSEC officers at int’l aerodromes

Posted on June 24, 2024 by Wole Shadare

Special force to bear arms In line with global practice and part of the mission to beef up security at the nation’s airports, the Managing Director of the Federal Airports Authority of Nigeria (FAAN) Mrs. Olubunmi Kuku commissioned 120 officers of the Aviation Security ( AVSEC) Special Force to international airports across the country. The Special Force has been trained to bear arms as part of the mission to beef up security at the…

Restrictive market, bane of African carriers, says Walsh

Posted on June 20, 2024June 20, 2024 by Wole Shadare

…”Africa can be exporter of SAF” The Director-General of the International Air Transport Association (IATA) Willie Walsh has zeroed in on African airlines and insisted that their major single problem is that they operate in very small economies, rather than in Europe where an airline from one country can fly anywhere in the same region. Operating in bigger economies, he reiterated would help the carriers to spread their overhead costs across a much bigger market…

Aligbe: Point-to-point operations not profitable for airlines

Posted on June 19, 2024 by Wole Shadare

…Urges carriers to interline to survive Chief Executive Officer of Belujane Consult, Chris Aligbe said it would be very difficult for any airline to be successful with point-to-point operations stressing that for Nigerian carriers to be profitable, they would need to interline or go into codeshare agreements that would help them distribute their passengers beyond points beyond. Aligbe, while speaking on Channels Television’s Business Update on Wednesday monitored by Aviation Metric explained that Nigerian carriers like the…

Africa’s high operational costs cause of low propensity to spend on air travel

Posted on June 17, 2024June 17, 2024 by Wole Shadare

…Air connectivity hiccups dampen aviation expansion The International Air Transport Association (IATA) has described Africa as a continent with a high operational cost base and a low propensity to spend on air travel. The clearing house for over 300 global airlines in its region-by-region roundup of airlines profitability outlook for 2024 said in 2024, all regions are expected to generate profits for a second year in a row with the most significant increase being for Asia-Pacific…

AltClub Changes Travel Experience At Lagos Airport, MMA2

Posted on June 10, 2024 by Wole Shadare

Travellers at Murtala Muhammed Airport Terminal 2 (MMA2) can now enjoy a new level of comfort and convenience with the launch of Altclub by The Alternative Bank. The innovative premium space offers a luxurious retreat where passengers can relax and recharge before their flights, while also catering to their basic banking needs. Altclub, an arm of The Alternative Bank’s digital travel financing product, Alttravel, is dedicated to enhancing travel accessibility and ease for Nigerians. Alttravel…

IATA: Nigerian carriers can’t compete with poor infrastructure, high operational costs

Posted on June 10, 2024June 10, 2024 by Wole Shadare

…Says govt clued, understands value of aviation to growth The International Air Transport Association (IATA) has maintained that Nigeria’s two biggest airports, the Murtala Muhammed Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja boast the record of aerodromes with the highest cost operation for airlines. The Vice-President IATA for Africa and Middle-East, Kamil Al-Awadhi who spoke to Aviation Metric at the just concluded IATA 80th Annual General Meeting and World Air Transport Summit in Dubai, United Arab Emirates (UAE), said this is made…

Qatar inches close to 49% stake in RwandAir, says Yvonne Makolo

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

Qatar Airways and RwandAir are set to finalise a deal that will see the Doha-based airline take up a 49 percent stake in the Kigali-based airline. Ms. Yvonne Makolo, RwandAir’s CEO and the outgoing Chair of the IATA Board of Governors, speaking to Aviation Metric on the sidelines of the just-ended 80th IATA AGM and Word Air Transport Summit held in Dubai and hosted by Emirates Airlines, said: “We just are about finalising [the agreement]…

Kazim: Emirates won’t have problem retaining market share on Lagos-Dubai route

Posted on June 4, 2024 by Wole Shadare

Emirates Deputy President and Chief Commercial Officer, Adnan Kazim said the carrier plans to make a grand return to Nigeria after two years of exiting the route which was popular with Nigerian travellers. Speaking to journalists yesterday at the 80th Annual General Meeting (AGM) and World Air Transport Summit which ended on Tuesday in Dubai, United Arab Emirates (UAE), he said the airline plans to be linking back in the area of starting Dubai-Lagos daily from…

Visa face-off resolved, UAE to lift ban on Nigerians to Dubai soon, says Minister

Posted on June 3, 2024 by Wole Shadare

Minister of Aviation and Aerospace Development, Mr. Festus Keyamo said the United Arab Emirates (UAE) was ready to lift the travel barriers the country placed on Nigerians, which bars visitors from Nigeria from going to Dubai. Keyamo made the disclosure Sunday night at the welcome dinner for delegates attending the International Air Transport Association (IATA) 80th Annual General Meeting (AGM) and World Air Transport Summit taking place in Dubai. The Minister was accompanied to the…

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