Business

The management of Arik Air (in Receivership) has suspended with immediate effect one of its staff caught by the Federal Airport Authority of Nigeria (FAAN) for soliciting bribes at the domestic wing of the Murtala Mohammed International, Ikeja, Lagos, pending further investigations. The airline in a statement said while the management conducts its own internal investigation, “we wish to reassure FAAN of our cooperation on this matter if further investigation is required. We fully support…

    Niger, Liberia, Guinea Bissau, Senegal, Bangui, Sierra Leone, Republic of Congo, and Nigeria top the list of African countries with high airport taxes. These airport taxes are as high as some European countries that have met stiff resistance from the International Air Transport Association (IATA). Niamey, Niger Republic tops the list by charging passengers $162 on regional departure in African airports, followed by Monrovia (Liberia) $145; Guinea Bissau $137; Dakar, Senegal $116; Douala, Cameroon $115; Bangui $111; Freetown, Sierra…

    The Nigerian Civil Aviation Authority (NCAA) has prevailed on the Aviation Ground Handling Association of Nigeria (AGHAN) to put on hold its indefinite strike action slated for Friday which would have crippled both domestic and international airline operations in Nigeria. The strike would have had catastrophic effects on the entire aviation value chain at a period the sector is showing signs of recovery from the COVID-19 pandemic if the aviation regulatory body had…

African airlines saw international cargo volumes increase by 34.6% in September, the largest increase of all regions for the ninth consecutive month. Seasonally-adjusted volumes are now 20% above pre-crisis 2019 levels but have been trending sideways for the past six months. International capacity was 6.9% higher than pre-crisis levels, the only region in positive territory, albeit on small volumes. This is coming as the International Air Transport Association (IATA) released September 2021 data for global…

The Chief Executive Officer of Dana Air, Jacky Hathiramani has reaffirmed the need for the government to focus more on a public, private partnership to achieve a far-reaching and immediate impact on Nigeria’s economy. The Dana Air boss made this remark during an interview with newsmen at the just concluded Nigerian Economic Summit 27 with the theme:  Securing our future: the Fierce Urgency of Now, held recently at Transcorp Hilton Hotel Abuja. Jacky Hathiramani said, ”I quite…

 FAAN designs approved roadmap for aviation security      The Federal Government has said construction of shooting ranges at major airports in Nigeria is nearing completion as part of measures to train aviation security personnel in the industry. Minister of Aviation, Hadi Sirika made the disclosure while declaring open the maiden edition of the Federal Airports Authority of Nigeria (FAAN), Airports Council International (ACI) Africa, Security Week in Abuja on Monday.  Sirika said the Federal…

Boeing values Africa’s 20-year Aviation Market at Nearly $400 Billion 80% of new deliveries are for African carrier growth Intra-continent traffic rises   Africa’s strong, long-term growth prospects for commercial aviation are closely tied to the continent’s projected 3% annual economic growth over the next 20 years, according to Boeing. This is coming as the aircraft giant, forecasts that Africa’s airlines would require 1,030 new airplanes by 2040 valued at $160 billion and aftermarket services…

Returns aircraft to full service 2022     United Airlines (UAL) has announced third-quarter 2021 financial results. Despite the impact of the COVID-19 Delta variant in the third quarter, the company remains confidently on track to achieve the range of longer-term financial targets laid out as part of its United Next plan earlier this summer, and to reduce CASM-ex1 below 2019 levels next year. Citing the rebound in premium leisure travel, re-opening of European borders next…

Chairman, Bi-Courtney Aviation Services Limited (BASL), Dr. Wale Babalakin (SAN), has expressed his desire to be part of the planned concession of Lagos, Abuja, Port Harcourt, and Kano airports under the concession agenda of the Federal Government. According to him, his passion for infrastructure development informed his desire. Babalakin who said this at a press conference in Lagos on Friday said because of the impressive work done by his company on the Murtala Muhammed Airport…

    The airline sector has been one of the most vulnerable to both the impact of the Covid-19 pandemic and the various lock-down restrictions put in place to counter it. Passenger numbers and revenues plummeted, with some airlines forced to mothball their entire operations. Africa’s biggest carriers have responded in very different ways and there is a growing feeling that the crisis has speeded up ongoing developments in the industry, with struggling airlines forced…