Business Archives - Page 35 of 102

Ethiopian Airlines in it for the long-haul, commits to a further 11 A350-900s

Posted on November 15, 2023November 15, 2023 by Wole Shadare

Less than 24 hours after agreeing order for 67 Boeing aircraft, Ethiopian Airlines Group did it again by Ethiopian’s flagship signing a memorandum of understanding (MoU) for 11 additional Airbus A350-900s to be added to its existing fleet. The latest agreement takes Ethiopian Airlines’ total order book and commitment for the A350 to 33, including four A350-1000s. The carrier currently operates a fleet of 20 A350-900s and with this commitment, it will confirm its position…

NSIB cautions over speculations, likely cause of ValueJet’s taxi-way ‘excursion’, begins probe

Posted on November 14, 2023November 14, 2023 by Wole Shadare

The Nigerian Safety Investigation Bureau (NSIB) said it had been notified about an incident involving a Bombardier CRJ-900LR aircraft with nationality and registration 5N-BXR belonging to ValueJet Airlines which occurred around 3:32 pm (Local Time) on November 14th, 2023 at the Port-Harcourt International Airport. The Bureau’s Director of Public Affairs and Consumer Protection of NSIB, Dr. James Odaudu in a statement late Tuesday said the agency had commenced the process of unraveling the immediate and…

Saudi Arabia cancels visas of 264 Nigerians, deports 170

Posted on November 13, 2023November 13, 2023 by Wole Shadare

Immigration source gives possible reasons for visa cancellations Saudi Arabian authorities on Monday cancelled the visas of all 264 Nigerians who arrived Jeddah from Kano. The Arabian nation consequently ordered the deportation of many Nigerians on Air Peace flight. It is not clear what led to the visa cancellation but an Immigration source told Aviation Metric under a condition of anonymity that nations can cancel visas already issued if they have strong reasons to do that. Such…

It’s cruel to say we run a drug cartel, SAHCo tells NDLEA

Posted on November 13, 2023November 13, 2023 by Wole Shadare

Denies N13 billion drugs seized from warehouse Skyway Aviation Handling Company Plc (SAHCo) said it amounts to cruelty for the National Drug Enforcement Agency (NDLEA) to insinuate that the firm runs a drug cartel following a statement by the anti-narcotics agency that it busted a drug syndicate using the Skyway Aviation SAHCo shed of the Murtala Muhammed International Airport, Ikeja Lagos to peddle drugs. The NDLEA, it would be recalled said on Sunday that…

Emirates reports highest-ever six months profit HY1

Posted on November 9, 2023 by Wole Shadare

Emirates goes into Dubai Airshow week with solid results, reporting its highest-ever six-month result for HY1 of the financial year 2023/2024. The carrier produced an AED 10.1 billion ($2.7 billion) consolidated net profit of the period. Emirates Group posted its highest-ever fiscal half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand. The figure eclipsed its half-year profit of the previous year — 4.2 billion dirhams — by 138%….

Airbus delivers 488 aircraft, revenue up €42.6b, EBIT adjusted €3.6b in nine month

Posted on November 8, 2023November 8, 2023 by Wole Shadare

Free cash flow before M&A and customer financing € 1.0 billion Airbus reported consolidated financial results for the nine months ended 30 September 2023, as the firm continues to make progress in its operational plan in a global environment that has become increasingly complex. “The nine-month earnings reflect higher commercial aircraft dein a global environment liveries, the good performance in helicopters as well as charges linked to the reassessment of certain satellite development…

NSIB commences probe into Flint Aero accident

Posted on November 5, 2023 by Wole Shadare

The Nigerian Safety Investigation Bureau (NSIB) has been notified and commenced an investigation into an accident involving an HS 125 aircraft with Nationality and Registration Marks 5N-AMM belonging to Flint Aero, which occurred at about 08:21 pm (Local Time) on November 3, 2023. Director, Public Affairs and Consumer Protection, NSIB, Dr. James Odaudu said the aircraft, with 10 passengers and three crew members onboard was en route Ibadan from Abuja. The aircraft, on final approach…

Qatar Airways announces 113.8% net profit increase for first half year 2023/202

Posted on November 3, 2023 by Wole Shadare

Qatar Airways Group today reports a strong financial performance for the first half of 2023/2024. The year to date has been characterized by ambitious yet sustainable growth in the network that will deliver long-term economic value to Qatar, many global partners as well as destination countries. The return to service of the majority of the airline’s A350 fleet is nearly complete and has contributed to an overall 18% higher Available Seat Kilometers (ASK) versus the…

Apprehension as CBN begins airlines’ trapped fund disbursement

Posted on November 2, 2023 by Wole Shadare

Carriers yet to get trapped funds at I&E Window Foreign airlines heaved a sigh of relief following the decision of the Central Bank of Nigeria (CBN) to clear outstanding matured FX forwards in banks. Many of the foreign airlines said they were unaware of how much of the money owed them that the apex Bank would be releasing to the carriers just as many of the airlines had been contacted but yet to…

Kenya Airways Celebrates Five Years Non-Stop Flights to New York from Nairobi

Posted on October 31, 2023 by Wole Shadare

KQ only airline offering non-stop link between East Africa and US Kenya’s national carrier, Kenya Airways is celebrating five years since becoming the first and only carrier to fly non-stop from its hub in Nairobi to New York and linking East Africa and the United States of America the fastest way. The inaugural flight between Nairobi and New York was on 28th October 28th, 2018. Since then, over 300,000 passengers and 6,000 tonnes of…

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