Business Archives - Page 3 of 104

Aliu: TSC designed to keep airspace safe for five years

Posted on August 6, 2026August 6, 2026 by Wole Shadare

FG deviated from initial funding policy for agency-Aliu Revenue restructuring long overdue-Iyayi Heavyweights across Nigeria’s aviation sector, alongside key industry labour unions, have called for an urgent review of the statutory sharing formula for the 5% Ticket, Charter, and Cargo Sales Charge (TSC), describing the current distribution model as a systemic error that starves critical infrastructure of vital funds. Speaking virtually at a public hearing organised by the House of Representatives Committee on…

How Etihad’s Lagos resumption, APG partnership I’ll stimulate Nigeria’s aviation market

Posted on August 2, 2026 by Wole Shadare

The strategic landscape of Nigerian commercial aviation is preparing for a major realignment following Etihad Airways’ official commitment to resume daily passenger operations between Abu Dhabi International Airport (AUH) and Murtala Muhammed International Airport, Lagos (LOS) in March 2027. The UAE flag carrier’s return to West Africa’s primary aviation gateway, reinforced by its commercial partnership appointing APG Nigeria as its General Sales Agent (GSA), marks a decisive turning point for international capacity, trade connectivity, and passenger choice…

FG Approves ₦46bn for Kano Airport Runway Overhaul

Posted on July 28, 2026 by Wole Shadare

Minister Commissions Upgraded Domestic Terminal The Federal Government has approved ₦46 billion for the comprehensive rehabilitation of the primary and secondary runways at the Mallam Aminu Kano International Airport (MAKIA), Kano. Making the disclosure on Tuesday, the Minister of Aviation and Aerospace Development, Festus Keyamo, revealed that roughly 60 per cent of the contract sum has already been disbursed to the contractor, who has mobilised to the site. Keyamo spoke during the official commissioning of…

IATA Steps Up African Safety Drive With Monthly CASIP Workshops

Posted on July 24, 2026 by Wole Shadare

In a fresh bid to address the continent’s lingering aviation safety challenges, the International Air Transport Association (IATA) has rolled out a series of specialised Safety Training and Capacity-Building Workshops designed to bolster operational standards across Africa. The initiative, anchored under IATA’s Focus Africa Collaborative Aviation Safety Improvement Program (CASIP), consists of monthly workshops and webinars aimed at equipping safety professionals with practical tools, regulatory guidance, and global best practices to strengthen safety management and…

IATA: US, China lead global passenger markets; South Africa dominates African skies

Posted on July 22, 2026 by Wole Shadare

The International Air Transport Association (IATA) has released the latest edition of its World Air Transport Statistics (WATS), offering a comprehensive, data-driven autopsy of global aviation demand, supply, and operational performance through to 2025. The annual report, which tracks the industry’s financial performance, global fleets, and major traffic corridors, underscores a stabilising global market alongside explosive pockets of growth in emerging regions. According to the IATA data, the United States maintained its crown as the…

ASKY Bolsters West African Aviation Hub with Two New Boeing 737 MAX 8s

Posted on July 21, 2026July 21, 2026 by Wole Shadare

ASKY Airlines marked a major milestone this July with the delivery of two brand-new Boeing 737 MAX 8 aircraft, reinforcing its commitment to sustainable, high-quality connectivity across Africa. The first jet (registered ET-BCJ) touched down at the airline’s Lomé hub on July 5, followed shortly by the second aircraft (ET-BCK) on July 16. Configured in a dual-class layout featuring 16 Business and 144 Economy seats, both planes promise enhanced passenger comfort alongside significant reductions in…

Expert debunks 11m Passenger figure

Posted on July 21, 2026July 21, 2026 by Wole Shadare

…Urges FG to redefine 5% TSC to save aviation sector The Nigerian travel market risks immediate and severe suppression if airfares rise by even a single dollar, a situation poised to worsen if the government presses forward with plans to reintroduce Value Added Tax (VAT) on domestic tickets. This warning was sounded by Roland Iyayi, the President/CEO of Top Brass Aviation Limited and former Managing Director of the Nigerian Airspace Management Agency (NAMA), while…

Kenya Airways Prioritizes Nigeria, Rewards Trade Partners

Posted on July 19, 2026 by Wole Shadare

Kenya Airways has reaffirmed its commitment to the Nigerian market and its strategy to boost capacity and connectivity between Nigeria and Kenya, and beyond, through its hub in Nairobi. Speaking at a colourful dinner and award celebration to recognise and appreciate travel trade and industry partners who have collaborated and worked closely with the airline over the past year, the Country Manager, Mr James Nganga, acknowledged their role in ensuring the airline’s impressive performance in…

Delta reports $19.8 billion operating Q2 2026, affirms full-year growth outlook

Posted on July 12, 2026July 12, 2026 by Wole Shadare

Sets aside $500 million toward annual employee profit-sharing programme Mega carrier Delta Air Lines has announced strong financial results for the second quarter of 2026, reporting robust revenue growth, solid profitability, and continued investment in the customer experience despite record fuel costs. The airline recorded $19.8 billion in operating revenue during the June quarter and generated $1.4 billion in pre-tax profit (Non-GAAP), underscoring the resilience of its business and sustained travel demand. “Today, we reported our June quarter results,…

Again, court grounds Air Peace’s legal challenge, affirms FCCPC’s power to probe airfares

Posted on July 10, 2026July 10, 2026 by Wole Shadare

In a landmark judgment that draws a clear line between market regulation and consumer protection, the Federal High Court in Abuja has dismissed a lawsuit filed by Nigerian carrier, Air Peace Limited, reaffirming the statutory powers of the Federal Competition and Consumer Protection Commission (FCCPC) to investigate airline ticket pricing. The ruling, delivered by Justice B.F.M. Nyako on June 29, establishes that the consumer watchdog acted squarely within its legal mandate under the Federal Competition…

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