Business Archives - Page 31 of 100

We received ₦7.7bn COVID-19 intervention fund – FAAN MD

Posted on January 19, 2024 by Wole Shadare

The Managing Director, of the Federal Airports Authority of Nigeria (FAAN) Olubunmi Kuku on Thursday said the authority got ₦7.7 billion as a COVID-19 intervention fund. She made this known at a public hearing on COVID-19 funds, organised by the House of Representatives Committee on Public Accounts in Abuja. The managing director said that 2020 was particularly challenging for the authority owing to the advent of the coronavirus. She recalled that on March 11, 2020,…

Four years after, FG reverses decision, relocates FAAN to Lagos

Posted on January 18, 2024January 18, 2024 by Wole Shadare

Four years after the Federal Government under President Muhammadu Buhari relocated all the aviation agencies to Abuja, the administration of President Bola Ahmed Tinubu reversed the decision by asking the Federal Airport Authority of Nigeria (FAAN) to relocate to Lagos. This was revealed in a memo dated January 15th, 2024, and signed by the Managing Director of FAAN, Mrs Olubunmi Kuku. The memo read, “The Minister of Aviation and Aerospace Development has directed that the…

Daisi Olotu: My vision for NANTA

Posted on January 17, 2024 by Wole Shadare

As the race to occupy the office of the National Association of Nigerian Travel Agency (NANTA) presidency hots up, a frontline candidate for the position and the Group Managing Director of Dees Travels and Tours Limited, Mr. Daisi Olotu has outlined his plan for the apex travel body. Olotu, while speaking with Aviation Metric said his vision is to take the association to a new level from where it is presently. He equally stated that…

Minister: Inter-agency rivalry cost Nigeria ICAO audit

Posted on January 15, 2024 by Wole Shadare

Keyamo to chair committee for March 2024 security assessment Minister of Aviation and Aerospace Development, Festus Keyamo explained reasons Nigeria performed abysmally poor at the recent Universal Safety Oversight Audit Programme (USOAP) of the International Civil Aviation Organisation (ICAO), saying inter-agency rivalry amongst the Chief Executive Officers and lack of coordination cost the nation so much. Nigeria scored five points short of the 75 percent benchmark which in aviation is considered to be below pass…

Delta orders 20 Airbus A350-1000 aircraft

Posted on January 13, 2024 by Wole Shadare

Mega carrier, Delta Air Lines has chosen Airbus to meet its needs for modern efficient wide-bodies having placed a first order for 20 A350-1000 aircraft. The A350-1000 will be a new aircraft type in Delta’s fleet. “We are thankful for Delta’s continued confidence in Airbus’ solutions to meet its fleet needs,” said Christian Scherer, Chief Executive Officer of the Commercial Aircraft business, Airbus. “Delta was the first U.S. airline to operate the A350-900 and is doing…

Airbus reports strong 2023 commercial aircraft orders, deliveries amid complex operating environment

Posted on January 12, 2024 by Wole Shadare

Aircraft maker, Airbus delivered 735 commercial aircraft to 87 customers around the world in 2023, demonstrating strong performance despite a complex operating environment. The Commercial Aircraft business registered 2,319 gross new orders (2,094 net). As a result, its 2023 year-end backlog stood at 8,598 aircraft. The company in a statement to Aviation Metric said, “2023 was a landmark year for Airbus’ Commercial Aircraft business with exceptional sales and deliveries on the upper end of our target,” said Guillaume…

Minister: Nigeria needs befitting national carrier

Posted on January 11, 2024 by Wole Shadare

· Govt in talk with Boeing, others for cheaper aircraft leases · Why Nigerian airlines are challenge-Keyamo Minister of Aviation and Aerospace Development, Mr. Festus Keyamo may have rekindled hope for a national airline for Nigeria, saying the country needs a national airline that befits the status of the country as a giant of Africa. He disclosed that what he inherited as Nigeria Air was not patriotic enough, maintaining that the project remains suspended until he gets…

Delta Airlines, Virgin Atlantic mark 10 years of partnership success

Posted on January 9, 2024 by Wole Shadare

Delta Air Lines and Virgin Atlantic are celebrating 10 years of joint venture partnership since the two carriers joined forces to enhance consumer benefits between the U.S. and the U.K. in 2014. The partnership has grown even stronger through the expanded joint venture with Air France-KLM launched in 2020, forming the leading joint venture across the Transatlantic. The partnership has delivered an array of benefits to nearly 40M customers who have travelled across the Atlantic….

Nahco to invest N4b in export processing centres in Abuja, Enugu, others

Posted on January 7, 2024 by Wole Shadare

Export more beneficial to Nahco-Gupta Nigeria’s foremost aviation ground handling company, Nigerian Aviation Handling Company Plc has concluded plans to invest N4 billion in cargo export processing centres in four major airports across the country. The firm had already built N1 billion worth of the facility at the Lagos airport. The company plans to replicate similar centre in all the five main cities of the country like Abuja, Port-Harcourt, Kano, and Enugu. The Group Managing…

Airbus to provide technical assistance to JTSB, dispatches specialists to Japan

Posted on January 2, 2024January 2, 2024 by Wole Shadare

Five die in accident, condoles victims’ families Aircraft giant, Airbus has confirmed that an A350-900 operated by Japan Airlines was involved in an accident during flight JAL516 from Sapporo New Chitose Airport to Haneda International Airport shortly after 17:47 (local time) on January 2, 2024. All 367 passengers and 12 crew members on board evacuated the aircraft. Airbus in a statement made available to Aviation Metric said the A350 collided with a DHC-8 aircraft at…

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