Business Archives - Page 7 of 100

Kuku: How Nigeria’s cargo ecosystem can meet international standards

Posted on November 30, 2025 by Wole Shadare

Cargo, critical economic driver, says Nwuba Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku, said the country is ready to become the vibrant core of the continent’s cargo network — a strategic gateway linking high-value goods, pharmaceuticals, and fresh produce to global markets. She described this not as a distant aspiration but as a future already being built through decisive reforms and partnerships. She urged stakeholders to actively contribute to…

Nigeria’s aviation contribution to GDP hits $2.5 billion-AFCAC scribe

Posted on November 25, 2025November 25, 2025 by Wole Shadare

How Nigeria can tap into SAATM potential The Secretary-General of the African Civil Aviation Commission (AFCAC), Ms Adefunke Adeyemi, said that the Single African Air Transport Market (SAATM) is a strategic roadmap to transform Nigeria into Africa’s aviation powerhouse. This came as Nigeria saw its aviation’s contribution to the country’s Gross Domestic Product (GDP) increase to $2.5 billion this year from $1.7 billion. She also stated that Nigeria should focus on the vast opportunities…

Tinubu says Nigeria’s aviation most viable but under-exploited

Posted on November 17, 2025 by Wole Shadare

Regrets unmet demand in cargo, MRO Africa loses billions of dollars yearly to offshore maintenance Kuku charts path for sector growth President Bola Tinubu stated that Nigeria’s aviation industry remains one of the most viable and under-exploited markets in Africa for several reasons, noting that it serves over 220 million people, the largest domestic aviation market on the continent. Speaking at the FAAN National Aviation Conference (FNAC), with the theme ‘Elevating the Nigerian Aviation Industry through…

Nigeria ready to offer South Africa Fifth Freedom traffic right

Posted on November 12, 2025 by Wole Shadare

Airlink to begin services to Lagos Nigeria may have begun to reshape its Bilateral Air Services Agreement with some countries by receiving requests for Fifth Freedom rights with Nigeria. Last year, Nigeria changed its agreement with the United Arab Emirates (UAE) from the Bilateral Air Services Agreement (BASA) to the Open Skies agreement tailored towards Nigeria’s agreement with the United States of America. Nigeria granted five airlines flight rights and fifth freedom, meaning…

Airbus orders surge as global demand outpaces capacity

Posted on November 11, 2025 by Wole Shadare

Airbus closed October 2025 with 722 gross orders and 814 deliveries for the year to date, maintaining its lead in a market where the key challenge is no longer finding buyers but keeping pace with delivery expectations. Across single-aisle and wide-body segments, the European manufacturer continues to ride a sustained wave of airline and lessor demand, one that’s redefining aircraft availability timelines and reshaping the competitive balance between OEMs. The year’s results reflect a pattern…

Air Peace’s first dry-lease B737-700 aircraft arrives Nigeria

Posted on November 8, 2025 by Wole Shadare

Nigeria’s flag carrier airline, Air Peace, has achieved another major milestone with the arrival of a dry-leased Boeing 737-700 NG from AerCap, the world’s largest aircraft leasing company — marking Nigeria’s first dry lease in nearly a decade and reinforcing global confidence in the nation’s aviation sector. The arrival ceremony, held at the Zulu Terminal Complex, Murtala Muhammed Airport, Lagos, drew an impressive lineup of dignitaries, financial partners, and aviation stakeholders. Among them were the…

How Middle Eastern carriers will sustain global lead

Posted on November 3, 2025 by Wole Shadare

Region’s airlines not just expanding but transforming Long celebrated for its super-connector hubs and world-class service, the region’s airlines now face the dual challenge of sustaining growth and adapting to shifting market pressures. Few are better positioned to interpret that challenge than Shahab Matin, Boeing’s Managing Director of Commercial Marketing for the Middle East and Africa. Speaking with Aviation Business Middle East, Matin outlined how evolving fleets, infrastructure, and networking strategies will shape the…

Okon: Aviation fuel market hampered by inefficiency, thin profit margin

Posted on October 27, 2025 by Wole Shadare

Chairman, Avifuel Limited, Capt Augustine Okon said, for too long, the fuel market has been shrouded in clouds of uncertainty, arising from rising costs, forex pressure, import dependence, and erratic supply. The aviation fuel market, Okon stated, is a mirror of Nigeria itself; rich in promise, hampered by inefficiency, yet always full of hope. Speaking at a colloquium with the theme, “The Scenario and the Metaphor,” Okon noted that the scenario is technical, involving economics,…

Experts: How Jet A1 market proliferation creates black market, raises safety concerns

Posted on October 24, 2025October 24, 2025 by Wole Shadare

Ndulue calls for NCAA’s vigilance, Aisuebegun advocates competition in jet fuel market The proliferation of the aviation fuel business in Nigeria could force many suppliers of the commodity to seek alternative businesses, as many of them are said to be competing dangerously amongst themselves, a situation that has affected the quality of Jet A1 in the country. This was the view of aviation fuel stakeholders who spoke on the sidelines of CITA Energies Colloquium with…

Qatar Airways, Kenya Airways Expand Partnership with Codeshare Flights to 19 Destinations

Posted on October 20, 2025 by Wole Shadare

Qatar Airways and Kenya Airways announce the launch of codeshare flights to 19 destinations, with more set to be added in the near future. Kenya Airways customers can book codeshare flights between Nairobi and Doha, as well as to 10 destinations connecting through the award-winning Hamad International Airport. Qatar Airways Chief Commercial Officer, Thierry Antinori, said: “We are pleased with the significant progress made in just a few months since the partnership was initiated with…

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