Business

A gale of sacks swept through the aviation agencies leaving some Managing Directors losing their positions while many others were either elevated to the position of directors or general managers. A statement announcing the shake-up by Head, Press and Public Affairs of the Ministry of Aviation and Aerospace, Odatayo Oluseyi brings to a close few days of speculations and unconfirmed re-organisation in the various aviation agencies such as the Federal Airports Authority of Nigeria (NCAA),…

Caution Minister to allow due process for national airline Chairman, of the House of Representatives Committee on Aviation, Nnolim Nnaji has cautioned against actions that might undermine the authority of the Nigeria Civil Aviation Authority (NCAA). He expressed concern about the brewing threats of mass resignations among the critical personnel of the authority which according to him could lead to severe consequences in the oversight capabilities of the regulatory agency. “I understand that some senior…

Firm makes $7 million upfront payment for Abuja, $1.5 million for MAKIA     After a long delay occasioned by some encumbrances, the Federal Government has finally concessioned the Nnamdi Azikiwe International Airport, Abuja, and the Mallam Aminu Kano International Airport (MAKIA) Kano. Concession of some key Nigerian airports is one of the items on the roadmap of the Ministry of Aviation Aerospace and one that was approved by President Muhammadu Buhari on October 18,…

Lagos int’l airport terminal obsolete-FAAN MD Owerri tops traffic in SE, Abuja to overtake Lagos-Yadudu   The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Capt Rabiu Hamisu Yadudu has called for the stoppage of 40% statutory deduction of its revenue by the Federal Government, saying that the deduction has left the agency needing more funds to provide vital infrastructure at the nation’s aerodromes. Yadudu made the disclosure on Tuesday at the FAAN’s…

Airline body distances self from ‘IATA exchange rate’   Despite the tough stance of the Central Bank of Nigeria (CBN) to stop foreign airlines from basing their fares on United States dollars, the carriers seem to have won the war with the apex Bank helpless in restraining them from doing so. The CBN had last year warned the carriers to desist from charging travelers from Nigeria dollars on tickets, insisting that the nation’s currency is…

Nigeria’s High Commissioner to South Africa,  Amb.  Haruna Manta has harped on intra-Africa travel, lauding the National Association of Nigeria Travel Agencies (NANTA) for the promotion of tourism to address trade-related matters in Nigeria and the continent. Speaking at a farewell dinner organised by the Nigerian High Commission in South Africa for NANTA delegates and their partners from the Tour Operators Union of Ghana (TOUGHA) held in Hotel Sky, Johannesburg, South Africa Saturday night, Manta…

The Lufthansa Group is poised to maintain strong leadership in the global aviation industry. The Group reported strong bookings in the first quarter of 2023 and expects another travel boom in summer. Consequently, the Group revenue increased by 40 percent to 7.0 billion euros with the number of passengers increased significantly to 22 million while the average yield of 19 percent is above the 2019 level Adjusted EBIT at -273 million euros. The firm equally…

The Federal Airports Authority of Nigeria (FAAN) has defended the action it took to demolish some structures sitting on illegally acquired land belonging to the authority. It noted that contrary to erroneous information or deliberate misinformation by some persons, the agency disclosed that the recent demolition of 13 houses posed grave dangers to the operations of the Murtala Muhammed International Airport. Spokeswoman for the agency, Mrs. Faithful Hope-Ivbaze stated that the area of land presently…

President of Aircraft Owners and Pilots Association of Nigeria/former Chief Executive Officer, of Associated Airlines, Dr. Alex Nwuba has thrown his weight behind the proliferation of airports in the country, saying in the future this will act as a critical way for the development of the economy. Nwuba who spoke to Aviation Metric on the sidelines of a book launch entitled, “Travel Agency Operations in Nigeria” authored by a respected travel expert, Elder Olusoji Amusan…

The MD /CEO of the Federal Airport Authority Of Nigeria (FAAN) Capt Rabiu Yadudu has further pledged the resolve of FAAN to restructure the business of Aviacargo in Nigeria. He gave the assurance after an early morning tour of the Cargo Facilities at the Muritala Mohammed International Airport MMIA Lagos on Saturday the 29th of April 2023. The tour of Cargo Facilities resulted from the presentation of the third interim report by the Aviacargo Road…