Business Archives - Page 29 of 102

Amid Africa’s 2% global cargo market, region sees 14.2% year-on-year demand growth

Posted on April 30, 2024April 30, 2024 by Wole Shadare

The International Air Transport Association (IATA) said Africa, which accounts for 2.0% of the global air cargo market saw 14.2% year-on-year demand growth for air cargo. The clearing house for more than 300 global airlines just released its latest y-o-y analysis of the air cargo market (a very useful barometer of trade) based on capacity (supply) and traffic (demand) in March 2024 stated that demand in Africa–Asia market increased to 22.9%, however, this was a…

Fadugba: Africa needs reliable, affordable air transport industry

Posted on April 29, 2024April 29, 2024 by Wole Shadare

The Chief Executive Officer of African Aviation Services Limited, Nick Fadugba said Africa needs a safe, reliable, efficient, affordable and profitable air transport industry that facilitates travel, trade and tourism across the continent, and between Africa and the world. He however stated that despite the myriad of challenges confronting the continent’s aviation industry, much has been achieved, hinting that aviation safety, security, training, regulatory oversight, infrastructure, liberalisation, modernisation and funding all need to be improved…

Groundswell opposition trails Minister’s NCAA power usurpation

Posted on April 25, 2024April 25, 2024 by Wole Shadare

….Action portends gravel danger, threatens Nigeria’s FAA status-Experts A groundswell opposition has trailed the decision of the Minister of Aviation and Aerospace Development, Mr Festus Keyamo’s decision to unilaterally order the Nigerian Civil Aviation Authority (NCAA) to suspend Dana Air’s operations over a skidding off of runway incident involving the carrier on Tuesday. The Minister had in the aftermath of the incident ordered the NCAA to suspend Dana’s operations. The Minister in a letter to…

Tasew: Why African airlines are not flourishing, defends JVs with carriers, nations

Posted on April 24, 2024April 24, 2024 by Wole Shadare

…Jet fuel hike, taxes, Forex scarcity, poor infrastructure frustrate carriers Wole Shadare, Addis Ababa, Ethiopia The Group Managing Director of Ethiopian Airlines, Mesfin Tasew has attributed the precarious situation of many airlines in Africa to the lack of a conducive environment for the continent’s carriers to flourish. Tasew at a panel discussion moderated by the convener of the summit and the Chief Executive Officer of African Aviation Services Limited, Mr. Nick Fadugba at the…

FG at crossroads over former NCAA DG’s removal, may hamper Najomo’s confirmation

Posted on April 23, 2024April 23, 2024 by Wole Shadare

The Ministry of Aviation and Aerospace Development may have found itself at a crossroads on how to solve the Director-Generalship of the Nigerian Civil Aviation Authority (NCAA) just as time as time is fast approaching for either the confirmation of the current Acting Director of the agency, Capt. Chris Najomo. The law stipulates that Najomo can only act for six months before he is confirmed or asked to give way for another and he has…

DG NCAA: How Dana Air’s aircraft nose wheel collapsed

Posted on April 23, 2024April 23, 2024 by Wole Shadare

The Director-General of Nigeria Civil Aviation Authority (NCAA) Capt Chris Najomo has given a graphic picture of how MD 83 aircraft belonging to Dana Air skidded off the Lagos airport runway shortly after landing. Najomo in a statement on Tuesday said at about 08:25, a Dana Airline aircraft with registration 5N-BKI was involved in a runway excursion occurrence. He further stated that the aircraft departed Abuja for Lagos with 83 passengers and six crew members…

Dana Air to Host Free Health Talk, Screening for Staff, Others

Posted on April 18, 2024 by Wole Shadare

Dana Air, dedicated to excellence and corporate social responsibility has announced two significant initiatives aimed at promoting health and wellness among its staff and customers. These two significant events are scheduled to be held on the 25th, 26th and 29th of April in Lagos while the Abuja Half Marathon will be held in Abuja on the 20th of April at the Old Parade Ground Garki, Abuja Speaking on the two initiatives for staff and customers,…

United Airlines Announces Q1 2024 Financial Results, Exceeds Revenue Projection

Posted on April 17, 2024 by Wole Shadare

…Generates $2.8 Billion Operating Cash Flow United Airlines (UAL) has reported first-quarter 2024 financial results. The company had a pre-tax loss of $164 million, a $92 million improvement over the same quarter last year; an adjusted pre-tax loss of $79 million, a $187 million improvement on an adjusted basis over the same quarter last year. These earnings reflect the approximately $200 million impact from the Boeing 737 MAX 9 grounding, without which the company would have…

AviAssist, Landover team up for W’African aviation safety

Posted on April 15, 2024April 15, 2024 by Wole Shadare

The AviAssist Foundation and Landover Company Limited have signed an agreement for the organisation and hosting of three aviation safety promotion courses at the Landover Aviation Business School (LABS), Lagos, Nigeria. “A better safety record in West and Central Africa is not only good for the safety of travellers in the region but it is also good to help lower the operational costs across Africa with opportunities for lower insurance premiums”, AviAssist director Tom Kok…

NSIB to probe Anambra boat mishap

Posted on April 14, 2024 by Wole Shadare

The Nigeria Safety Investigation Bureau (NSIB) has launched an investigation into the fatal boat accident that occurred on the Anam River in Anambra State on April 10, 2024. This tragic incident involved a commercial speedboat and a fishing canoe. The boat carrying twelve film crew members and a boat operator reportedly crashed into the canoe, resulting in the loss of five lives. Among the deceased was popular Nollywood actor Mr. Paul Odonwodo, known professionally as…

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