Business

  House of Representatives Committee on Aviation has vowed to ‘audit’ foreign airlines that are operating in the country to ascertain the number of Nigerians they employed as part of their cabin staff and technical crew (pilots and engineers). The Chairman of the Committee, Nnolim Nnaji who disclosed this in a statement in Abuja said, ‘The parliament would also be interested in finding out the percentage of their tickets that are sold by local travel…

Kenya’s national carrier, Kenya Airways has participated in the inaugural SkyTeam Airline Alliance The Sustainable Flight Challenge (TSFC). The challenge encourages airlines to participate in a friendly competition to develop and implement sustainable solutions. It seeks to challenge the aviation industry by stimulating and accelerating innovation and change towards a more sustainable future. The 16 SkyTeam member airlines that took part in the challenge had the opportunity to implement their most sustainable aviation solutions. As…

The global drone market has been estimated to reach $150 billion by the year 2035 according to aviation expert and chairman of Dronetecx 2022, Mr. Fortune Idu.  He further highlighted that before the end of this decade, Unmanned Aerial Vehicle (UAV) and autonomous vehicle industry would experience exponential growth, and the application of drones will be found in virtually every sector.  This emerging industry according to him is a game-changer with huge potential to create…

Mega carrier, United Airlines has signed a new purchase agreement with Neste that provides United the right to buy up to 52.5 million gallons over the next three years for United flights at Amsterdam’s Schiphol Airport, and potentially other airports as well. “Reducing carbon emissions from the fuel is the fastest way United will reach our 100% green goal by 2050. As the airline that has invested more than any other airline in sustainable aviation fuel production,…

Nigeria’s aviation fuel price ranks lowest in W’A $$1.25 per litre in Ghana, $$1.51 per litre in Liberia     Major oil marketers under the aegis of the Oil Marketers Association of Nigeria (MOMAN) said the skyrocketing price of aviation fuel like other petroleum products is a result of the fact that the commodity used in Nigeria is not produced in the country and is subject to international price movements which are currently suffering the…

    Overland Airways has backed off from the planned strike to protest the incessant rise in the price of Jet A1.   Also, the management of Arik Air Limited (In Receivership) and Aero Contractors (In Receivership) have also called off their planned strike actions slated for Monday, saying that both airlines would be operating all their scheduled flights on Monday, May 9, 2022. Both managements fully identify with and endorse the efforts of the…

Ibom Airlines Limited (Ibom Air) has disclosed that it would not take part in the withdrawal of services by many airlines next in spite of admitting the excruciating difficulty in sourcing aviation fuel at exorbitant costs which to it is not sustainable for the airline business. The carrier attributed its reasons not to shut down services because of its financial obligations to suppliers, financiers, and workers who depend on an uninterrupted flow of revenue to…

Aviation fuel hits N700 per litre Airline Operators of Nigeria (AON) has again issued a threat to down tools next week over the astronomical rise in the price of Jet A1 otherwise known as aviation fuel. The operators had two months ago issued a similar threat to Nigerians; a situation that prompted the National Assembly to wade into what would have led to a major crisis in the aviation industry. This time around, the group…

Blasts Caverton owner, son over workers’ rights violation   The National Union of Air Transport Employees (NUATE) has called on the Federal Government to urgently address the serious shortcomings of the newly commissioned Murtala Muhammed International Airport (MMIA) so as to put the terminal to use. The National President of NUATE, Ben Nnabue said it would be a major disservice to this administration should the terminal turn out to be a white elephant, stressing that…

Airbus terminated a contract of 50 A321neo aircraft after the airline filed a legal case over surface damage across its A350 wide-body fleet. The Qatari flag carrier, Qatar Airways lost a court case on Tuesday against the European multinational aircraft manufacturer, Airbus to prevent the latter from terminating a contract for 50 A321 neo aircraft. Major set back Under the verdict issued by London’s High Court judge, David Waksman Airbus was cleared to terminate the…