Business Archives - Page 4 of 98

Airline industry on verge of historic $1trn revenue

Posted on December 16, 2025 by Wole Shadare

The latest data from IATA show that the global aviation industry is set to achieve over one trillion US dollars in annual revenue for the first time, with forecasts indicating continued growth in the coming years. According to a report by Simple Flying. Com, industry data also show that different regions will grow at a considerable rate in the coming years, as airlines continue to experience record-high load factors and fleet utilisation, and are expected…

IATA: Africa most expensive region for airline operations in the world

Posted on December 15, 2025December 15, 2025 by Wole Shadare

..Jet fuel, taxes, others, reasons for the high cost of doing business in Africa ..Carriers operate on razor-thin net profit margin of 1.3%—the lowest globally The International Air Transport Association (IATA) has listed jet fuel at 17%, taxes and fees at between 12 and 15%, air navigation charges at 10%, maintenance, insurance and capital at 6-10%, blocked funds at $954 million and high ticket prices as the reasons the cost of doing business in Africa…

IATA: Ten African nations, excluding Nigeria responsible for 89% of blocked funds

Posted on December 10, 2025December 10, 2025 by Wole Shadare

The International Air Transport Association (IATA) said that 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, totalling $1.08 billion. Nigeria’s name was removed from the list after the Nigerian government repatriated over $700 million in trapped funds last year, restoring the country’s reputation in the global aviation industry. The clearing house for more than 300 global airlines said that $1.2 billion in airline funds are…

Free Route Airspace implementation in West, Central Africa begins

Posted on December 8, 2025 by Wole Shadare

The African Airlines Association (AFRAA) has ushered in a new era of African aviation with the full operational deployment of Free Route Airspace (FRA) in the Western and Central Africa (WACAF) region, effective October 30, 2025. Free Route Airspace (FRA) is a modern airspace design allowing airlines to plan more direct flight paths between entry/exit points, bypassing traditional, fixed airways for greater efficiency, fuel savings, and reduced emissions, by using User Preferred Routes (UPRs) and…

Why Nigeria recorded over 160 airline collapses since deregulation- Minister

Posted on December 2, 2025December 2, 2025 by Wole Shadare

..Says carriers hampered by infrastructure challenges The Minister of Aviation and Aerospace Development, Festus Keyamo, said the deregulation of the airline industry in the mid-1980s and early 1990s led to many people entering the industry without much experience. The opening of the floodgates, he said, also saw to the collapse of so many early carriers, adding that the failure of airline owners during that period, which led to high airline mortality, forced many Nigerian carriers…

Aviation sector grappling with inflation, Forex volatility, says Aboderin

Posted on November 30, 2025 by Wole Shadare

SAHCO announces ₦31.7 billion revenue The Managing Director of Skyway Aviation Handling Company (SAHCO) Plc, Mrs Adenike Aboderin, said the industry is grappling with inflation, higher utility costs, foreign-exchange volatility, and the burden of acquiring equipment and spare parts priced in foreign currency. She said these issues have continued to weigh heavily on handling companies, yet SAHCO has managed to sustain growth. “Despite that, SAHCO continues to deliver value to its stakeholders, shareholders, clients and airlines…

Kuku: How Nigeria’s cargo ecosystem can meet international standards

Posted on November 30, 2025 by Wole Shadare

Cargo, critical economic driver, says Nwuba Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku, said the country is ready to become the vibrant core of the continent’s cargo network — a strategic gateway linking high-value goods, pharmaceuticals, and fresh produce to global markets. She described this not as a distant aspiration but as a future already being built through decisive reforms and partnerships. She urged stakeholders to actively contribute to…

Nigeria’s aviation contribution to GDP hits $2.5 billion-AFCAC scribe

Posted on November 25, 2025November 25, 2025 by Wole Shadare

How Nigeria can tap into SAATM potential The Secretary-General of the African Civil Aviation Commission (AFCAC), Ms Adefunke Adeyemi, said that the Single African Air Transport Market (SAATM) is a strategic roadmap to transform Nigeria into Africa’s aviation powerhouse. This came as Nigeria saw its aviation’s contribution to the country’s Gross Domestic Product (GDP) increase to $2.5 billion this year from $1.7 billion. She also stated that Nigeria should focus on the vast opportunities…

Tinubu says Nigeria’s aviation most viable but under-exploited

Posted on November 17, 2025 by Wole Shadare

Regrets unmet demand in cargo, MRO Africa loses billions of dollars yearly to offshore maintenance Kuku charts path for sector growth President Bola Tinubu stated that Nigeria’s aviation industry remains one of the most viable and under-exploited markets in Africa for several reasons, noting that it serves over 220 million people, the largest domestic aviation market on the continent. Speaking at the FAAN National Aviation Conference (FNAC), with the theme ‘Elevating the Nigerian Aviation Industry through…

Nigeria ready to offer South Africa Fifth Freedom traffic right

Posted on November 12, 2025 by Wole Shadare

Airlink to begin services to Lagos Nigeria may have begun to reshape its Bilateral Air Services Agreement with some countries by receiving requests for Fifth Freedom rights with Nigeria. Last year, Nigeria changed its agreement with the United Arab Emirates (UAE) from the Bilateral Air Services Agreement (BASA) to the Open Skies agreement tailored towards Nigeria’s agreement with the United States of America. Nigeria granted five airlines flight rights and fifth freedom, meaning…

« 1 2 3 4 5 6 … 98 »