Business Archives - Page 4 of 104

Unions Issue 14-Day Ultimatum to Airlines Over Billions in Unremitted 5% Ticket Charges

Posted on July 8, 2026July 8, 2026 by Wole Shadare

Industrial peace in Nigeria’s aviation sector is hanging by a thread. A coalition of major aviation unions has issued a stern 14-day ultimatum to domestic carriers under the aegis of the Airline Operators of Nigeria (AON), demanding the immediate remittance of outstanding 5% Ticket Sale Charges (TSC) running into billions of Naira. The TSC is a statutory levy collected by airlines on behalf of the Nigerian Civil Aviation Authority (NCAA) and other critical aviation agencies…

Infrastructure strain: Stakeholders push to hike NAMA’s ticket revenue share

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

Aviation experts are warning that Nigeria’s airspace safety hinges on an urgent, radical overhaul of how the Nigerian Airspace Management Agency (NAMA) is funded. The alarm comes amid intense industry debate over a proposal to aggressively hike NAMA’s share of the 5% Ticket Sales Charge and Cargo Sales Charge (TSC/CSC) from its current 23% to a staggering 60%. Far from a petty turf war for institutional advantage, industry stakeholders argue that the proposal reflects the…

Bristow Group debuts Africa’s first oil & gas Airbus H160 in Nigeria

Posted on July 5, 2026 by Wole Shadare

In a move that significantly raises the bar for offshore logistics in Africa’s aviation landscape, Bristow Helicopters has formally introduced the state-of-the-art Airbus H160 helicopter into service in Nigeria. The unveiling, which took place in Lagos on Thursday, July 2, 2026, marks the first time this next-generation, medium-twin platform has been deployed anywhere on the African continent to support the energy sector and search-and-rescue (SAR) operations. The high-profile event drew key aviation regulators, energy sector…

Africa records highest global baggage mishandling rate despite 23% drop, SITA report

Posted on June 30, 2026 by Wole Shadare

Lost, baggage manhandling cost global aviation $6.3 billion annually The global aviation industry is making significant strides in tackling baggage mishandling, but Africa continues to lag behind, recording the highest baggage mishandling rate of any region globally. According to the newly released 2026 SITA Baggage IT Insights Report—the 20th annual edition of the industry benchmark—airlines and airports worldwide slashed global mishandling rates by 23% in 2025. However, Africa remains a stark outlier, recording…

United Nigeria Airlines joins AFRAA, fuels Africa, intercontinental ambition

Posted on June 28, 2026 by Wole Shadare

In a move that underscores the shifting dynamics of West African aviation and a renewed push for continental integration, the African Airlines Association (AFRAA) has admitted United Nigeria Airlines as a full member. Beyond the corporate fanfare, this development marks a significant alignment for Nigeria’s domestic operators, positioning one of the country’s most aggressive legacy-minded carriers squarely within the cockpit of African aviation diplomacy. The admission deepens AFRAA’s footprint in Nigeria—Africa’s most populous nation…

ValueJet Reaffirms Safety Commitment as Engineers Commence Intensive Boeing Training

Posted on June 17, 2026 by Wole Shadare

ValueJet has reaffirmed its commitment to safety, operational excellence, and human capital development as its aircraft maintenance engineers commenced participation in Boeing’s Advanced Technical Training Programme for Nigerian airline engineers. The program officially began in Lagos on June 16, providing intensive training for ValueJet engineers on the Boeing 737 Next-Generation (737NG) aircraft. The training, scheduled to run until July 29, is being conducted by Boeing as part of its ongoing efforts to support aviation safety,…

IATA: 8,000 aircraft backlog holding back aviation

Posted on June 15, 2026 by Wole Shadare

The outgoing Director-General of the International Air Transport Association (IATA), Willie Walsh, argued that aviation’s biggest threat is no longer weak demand, but the capacity to support it Among the crises threatening the industry’s future, one that stood out as most entrenched was the industry’s ever-growing aircraft backlog. Walsh After two decades in which airlines repeatedly confronted shocks that destroyed traffic growth, from the global financial crisis to Covid-19, passengers continue to fly, cargo continues…

‘Why Nigeria Is Missing Out As Africa’s Aviation Powerhouse’

Posted on June 11, 2026June 11, 2026 by Wole Shadare

…seeks unified African sky The Director-General of the International Air Transport Association (IATA), Willie Walsh, said Nigeria should be a powerful aviation market, given the country’s population and underlying wealth. Walsh, who spoke to Aviation Metric on Monday on the sidelines of the 82nd International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Rio de Janeiro, Brazil, said there’s no reason why it shouldn’t. Walsh Walsh disclosed that Africa…

Walsh: Airfare rises ‘inevitable’ as Nigeria, global airlines face extra $100bn jet fuel bill

Posted on June 8, 2026 by Wole Shadare

Wole Shadare, Rio de Janeiro, Brazil The Director-General of International Air Transport Association (IATA), Willie Walsh, said global airlines, including Nigerian carriers, will have to spend an extra $100bn on jet fuel this year, with fares inevitably rising to cover the bill after the war with Iran choked off oil supplies. Walsh, while fielding questions from journalists at the end of the 82nd IATA Annual General Meeting (AGM) and World Transport Summit in Rio de…

ECOWAS Air Travel Reform Stalls as Only One Country Implements 25% Tax Reduction

Posted on June 8, 2026June 8, 2026 by Wole Shadare

IATA lauds bloc’s 25% Aviation Tax Cut, faults Slow Implementation Wole Shadare, Rio de Janeiro, Brazil The International Air Transport Association (IATA) said the decision by the countries of the Economic Community of West African States (ECOWAS) to reduce airport and travel charges by 25 per cent would help to address the region’s major structural hurdles. IATA’s Regional Vice President for Africa and the Middle East, Kamil Alawahdi, in an interview with Aviation Metric at the…

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