Business Archives - Page 6 of 100

Qatar becomes first carrier to enable B787-8 with Starlink

Posted on January 8, 2026January 8, 2026 by Wole Shadare

Qatar Airways has launched the world’s first Starlink-equipped Boeing 787 and completed Airbus A350 Starlink rollout, connecting over 11 million passengers with the fastest Wi-Fi in the sky. The carrier has now officially become the first airline in the world to equip and certify the Boeing 787-8 Dreamliner with Starlink. The airline set an unprecedented pace for fleet upgrades, completing massive installations in record time. Three Dreamliners are already operational with Starlink, and the carrier…

Airfares: Stakeholders decry opaque ticket structure, seek transparency

Posted on January 6, 2026January 6, 2026 by Wole Shadare

In early 2026, the debate surrounding domestic airfares in Nigeria intensified, with travel agencies, regulators, and lawmakers demanding clarity and transparency. The discussion centres on whether record-high ticket prices—ranging from ₦400,000 to ₦650,000 for one-way domestic flights—are driven by legitimate operational costs or by arbitrary profiteering. A primary point of contention is the breakdown of ticket costs. While airline operators often cite multiple taxes as the reason for high prices, industry experts have challenged…

NAMA says navigational aids serviceable, periodically maintained

Posted on December 30, 2025 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) has dismissed claims that its navigational aids are unfit or poorly maintained for Harmattan operations. The agency, in a statement by the Director of Public Affairs and Consumer Protection, Dr Abdullahi Musa, disclosed that all navigational aids at all Federal Government airports are routinely maintained, flight-checked and calibrated in strict compliance with International Civil Aviation Organisation (ICAO)Standards and Recommended Practices (SARPs) and the Nigerian Civil Aviation Regulations (Nig CARs)….

Overland recommences flights to Ibadan airport

Posted on December 20, 2025 by Wole Shadare

Nigerian carrier Overland Airways has resumed flights from Samuel Ladoke Akintola International Airport in Ibadan to Nnamdi Azikiwe International Airport in Abuja. Effective December 23, 2025, Overland Airways will commence three weekly services from Ibadan to Abuja on Tuesdays, Thursdays and Saturdays. Flights will depart Abuja for Ibadan at 10:30 am and Ibadan for Abuja at 12:00 pm. Chief Operating Officer of Overland Airways, Mrs Aderonke Emmanuel-James, said, “As the pioneer airline on the Ibadan route,…

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…

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