Business

  NUATE’s allegations spurious-Minister Arik in N300b debt, assets worth only N150b AOC denial to NG Eagle I’ll shut out 20, 000 jobs   An alleged conflict of interest between the Ministry of Aviation and the Assets Management Corporation of Nigeria (AMCON) over the floating of NG Eagle may truncate the setting up of a national carrier promised Nigerians by President Muhammadu Buhari administration as the clock is fast ticking on the project. While AMCON…

Aviation experts have expressed shock over pronouncement by the House of Representatives Committee on Aviation that the Air Operator Certificate (AOC) of NG Eagle, a new airline that is about to be established by the Asset Management Corporation of Nigeria (AMCON) should not be issued over a petition written by some labour unions over severance pay of some workers in Arik. There had been insinuations that Arik Air, which is in receivership by AMCOM, is…

 Nigerian airlines are beginning to expand the space for newer and relatively newer airplanes, signposting a shift from the old order where geriatric aircraft dominated the airspace. What is seen now is the acquisition of fuel-efficient, performance-efficient A320 airplanes by Aero Contractors. Other Nigerian carriers are equally acquiring several types of aircraft. Ever since Airbus launched its single-aisle jetliner family with the A320, it has set the standard as the world’s most comfortable short-to-medium- haul…

  From Wole Shadare, Boston, USA Nigerian carriers including other African carriers would see a very slow pace of recovery in financial performance from a $1.9 billion loss in 2021 to a $1.5 billion loss in 2022 according to the International Air Transport Association at its ongoing 77th Annual General Meeting World Air Transport Summit (WATS) in Boston, Massachusetts, United States of America. This came as the Director-General of IATA, Willie Walsh expressed the joy…

The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu has bagged the African Leadership Magazine Award of Excellence. The award was presented by the Editor, African Leadership Magazine, Mr. Kingsley Okeke to Nuhu at the authority’s corporate headquarters recently in Abuja. It was witnessed by two prominent members of the United States Black Caucus, Hon Dee Dawkins-Hagler (ex-chair, Georgia Legislative Black Caucus) and Hon. Laura-Hall (President-elect, National Black Caucus of State Legislators)….

    United States-based airline, United Airlines, and Africa’s fast-growing airline, Airlink have signed a new codeshare agreement that will offer customers more connections between the U.S. and Southern Africa than any other airline alliance. The new agreement, which is subject to government approval, would offer one-stop connections from the U.S. to more than 40 destinations in Southern Africa. Additionally, United will be the first airline to connect its loyalty program with Airlink, allowing MileagePlus…

    The Federal Airports Authority of Nigeria (FAAN)  has concluded plans to close down the Kebbi state-owned airport over debts owed the organisation Investigation revealed that arrangement has been made by the Nigerian Airspace Management Agency NAMA by issuing Notice To Air Men (Notam) to all airlines from flying into the airport as from midnight Monday when FAAN is expected to withdraw its services at the airport According to a source close to FAAN,…

Says Airline in strong position to weather COVID-19 crisis     The International Air Transport Association (IATA) called on the government of Ethiopia to continue its focus on maintaining efficient air connectivity amid the COVID-19 crisis. This will place Ethiopia in a strong position to weather the crisis and speed up the eventual industry and economic recovery. “We congratulate Ethiopia for the positive steps it has taken to promote travel and air service connectivity throughout…

Five years after dumping the lucrative Houston-Lagos route, United States mega carrier, United has concluded plans to operate the first-ever nonstop flight between Washington, D.C., and Lagos and offer more flights between D.C. and Africa than any other carrier The carrier attributed its exit from Nigeria to Nigeria’s Central Bank of Nigeria’s foreign exchange policy has restricted the movement of foreign currencies abroad after the global slump in oil prices depleted the country’s foreign reserves….

Kenya’s national carrier, Kenya Airways Plc has entered a unilateral intermodal interline agreement with one of the fastest-growing multi-modal mobility platforms in Europe, Vipper.com. This agreement will provide passengers with onward limousine and train connectivity to various European destinations through the airline’s gateways of Amsterdam, Paris, London, and Rome. Through this partnership, customers will be able to enjoy a seamless experience through Kenya Airways and Vipper’s networks including, Deutsche Bahn, Société Nationale des Chemins de…