Business

  Operators list carriers’ woes Fare hike incomprehensible- Sanusi, Olumide Amid June 21, 2020 resumption of domestic flights, Dana has given an insight into what appears to be adjustment in air fare by at least 50 per cent for at least one hour trip. Not a few believe that the policy of the Federal Government to domestic carriers as regards passenger reduction between 50 to 70 per cent, high cost of aviation fuel, depreciation of…

Chief Executive Officer of African Aviation Services and Chairman of African Business Aviation Association (AfBAA) Nick Fadugba has proposed a series of practical solutions to drive the Nigerian aviation industry forward.  These cover the four key areas of regulatory environment, airlines, infrastructure and business and general aviation.  He spoke during an aviation webinar organised by Aelex, a law firm in Nigeria. He stated that the current pandemic provides an opportunity to develop a new Aviation…

  The International Air Transport Association (IATA) said that African airlines were less affected by disruptions from COVID-19 than other regions in April 2020. The clearing house in a released data for global air freight markets in April shows that demand dropped 27.7% compared to the same period in 2019 – the sharpest fall ever recorded. Still, there was insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft….

  Emirates airline, the world’s largest A380 operator, is looking to cancel five of its last eight superjumbo deliveries, according to people familiar with the matter. Sources told Bloomberg that while Emirates plans to receive three Airbus A380 aircraft before the end of its financial year in March 2021, it wants to cancel the final five deliveries. Emirates told the news agency that it is in regular communication with Airbus regarding its fleet but does not comment…

  Delta Air Lines has said it would resume flying several major routes in June that were suspended due to the coronavirus pandemic, including some Trans-Atlantic and Caribbean destinations. Global airlines have suffered an unprecedented decline in travel due to the pandemic, though some recent indicators show that U.S. demand may have hit a low, reports Reuters. The U.S. Transportation Security Administration (TSA) screened 250,467 travelers on Friday, the first time the number has surpassed…

  Carriers need over 90 days to ensure future The Managing Director of Aero Contractors, Capt. Ado Sanusi, painted a grim picture of the uncertainty of many airlines in the country to survive post-COVID-19 The airline chief told Woleshadarenews that the resumption of flight operation after the Coronavirus pandemic would not guarantee survival of airlines because of scarcity of funds, lamenting that the entire supply of revenue has been shut-down completely. His words: “The main income or…

  Nova Merchant Bank has held its Annual General Meeting (AGM) through digital technology.  The virtual event was held Thursday last week at the company’s head office in Victoria Island, Lagos in strict adherence with stipulations by the Federal and state government in a bid to limit the spread of the Coronavirus pandemic currently ravaging the world. The meeting which was led by the Chairman, NOVA Merchant Bank, Mr. Phillips Oduoza, had in attendance the Managing…