Business Archives - Page 4 of 105

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…

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,…

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