Business

African airlines remarkably well as traffic rose 34.7% in June 2023 versus a year ago according to the International Air Transport Association’s (IATA) latest analyses of the global and regional passenger air travel markets based on traffic and capacity data for June 2023 versus the same period in 2022. The continent recorded the second-highest percentage gain among the regions with capacity up by 44.8 percent but the load factor fell 5.1 percentage points to 68.1%, the…

  The Director-General of Nigeria Civil Aviation Authority (NCAA), Capt Musa Nuhu said Nigeria would get to a stage where its General Aviation would help to grow the nation’s aviation industry, stressing that at the moment, Nigeria is not quite there in terms of General Aviation (GA). Nuhu, while speaking to journalists said GA can bring as much revenue as the airline industry because of great potential, hinting that it is one area Nigeria is…

The Federal Airports Authority of Nigeria (FAAN) it was determined to rid the airport environment of touts and perpetrators of illegitimate activities. Director, of Public Affairs and Consumer Protection for FAAN, Abdullahi Yakubu-Funtua in a statement disclosed that the Joint Monitoring Task Force (JMTF) and the Aviation Security Crime Investigation & Intelligence (AVSEC-CII) Unit had since the past few weeks conducted raids in this regard. Cable thieves and other miscreants have been apprehended in the…

Leading multi-category app, Glovo has solidified its position as the market leader in on-demand commerce in Nigeria by entering into a significant partnership with Chicken Republic, the country’s largest QSR brand with over 300 stores nationwide. Effective this August, the strategic alliance elevates Glovo as a key platform for Chicken Republic customers ordering online. The decision came from Chicken Republic’s desire to streamline its partnerships in the space and improve customer satisfaction.   Through this…

  The management of Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its commitment to enhance customer experience, whilst expressing optimism for greater achievements for its customers and shareholders. UBA’s Group Managing Director/Chief Executive Officer, Mr. Oliver Alawuba, who made this pledge in Lagos on Tuesday, while marking his first-year anniversary in office, promised investors and customers that the best is yet to come. The ‘UBA 4.0 Team’, led by Alawuba, took…

 Slams critics of Director, Airworthiness, Abata over crash     The Director-General of Nigeria Civil Aviation Authority (NCAA) Capt. Musa Nuhu has stated that the new civil aviation regulation that stipulates at least six aircraft for start-up airlines was deliberate to ensure the health of any airline that is coming into the aviation industry. He however admitted that many of the country’s airlines do not have the capacity to meet their current financial obligations. Nuhu,…

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Kabir Mohammed stated that the establishment of an Avia-Cargo Village was identified as one of the quick wins in addressing the rejection of the country’s avia-cargo exports, and thus, increasing exports and earnings. The 27,357 square metres of land houses motor mechanics, various food vendors, and other businesses. The country’s quest of generating more income from exporting Nigerian products will continue to be a…

The Director General, of Nigeria Civil Aviation Authority (NCAA), Captain Musa Nuhu has assured that the regulatory body would resolve deficiencies identified through the ICAO Universal Safety Oversight Audit Programme (USOAP) activities with a view to scaling the International Civil Aviation Organisation (ICAO) audit coming up next month. He said Nigeria was prepared to excel in the forthcoming audit of the sector by the ICAO. The ICAO-USOAP, which is conducted every four years, focuses on a…

Aircraft maker, Airbus reported consolidated financial results for the Half-Year (H1) ended  June 30, 2023. “During the first half of 2023, we progressed well across our businesses in an operational environment that remains complex. Our commercial aircraft are in strong demand, as demonstrated by more than 800 orders announced at the Paris Air Show. This demand is driven both by growth and fleet replacement as airlines invest in more fuel-efficient fleets,” said Guillaume Faury, Airbus…