Business Archives - Page 8 of 101

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…

Air Austral, Airlink sign Bilateral SPA agreement to expand networks

Posted on October 17, 2025October 17, 2025 by Wole Shadare

Air Austral and Airlink have announced the signing of a bilateral Special Prorate Agreement (SPA), effective October 15, 2025. Under the partnership agreement, Air Austral passengers will have access to Airlink’s network of 45 destinations across South Africa and the Southern Africa region. These destinations will be offered through connections via Johannesburg on Air Austral’s Réunion–Johannesburg flights. The agreement allows Air Austral customers greater connectivity with the convenience of a single ticket, through check-in, and…

Najomo disagrees with Kalu over pilots’ substance use

Posted on October 16, 2025October 16, 2025 by Wole Shadare

The Nigeria Civil Aviation Authority (NCAA), on Wednesday, gave clarifications on the comments made by Senator Orji Uzor Kalu on the floor of the Senate, about alleged inadequacies in pilot preparation, and substance use among flight crew, and supposed lapses in the NCAA’s oversight responsibilities. In a statement personally signed and forwarded to journalists by Capt. Chris Najomo, Director General of the NCAA, disagreed with Kalu over his allegations on the floor of the Senate…

Supply chain challenges to cost airlines over $11 billion in 2025 – new IATA-OliverWyman study

Posted on October 13, 2025 by Wole Shadare

Challenges within the aerospace industry’s supply chain are delaying production of new aircraft and parts, resulting in airlines reevaluating their fleet plans and, in many cases, keeping older aircraft flying for extended periods of time. The worldwide commercial backlog reached a historic high of more than 17,000 aircraft in 2024, significantly higher than the 2010 to 2019 backlog of around 13,000 aircraft per year. Consequently, the slow pace of production is estimated to cost the…

Kuku justifies N712bn Lagos airport rebuild project, says Terminal I obsolete

Posted on October 6, 2025 by Wole Shadare

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku, stated that Terminal One of the Murtala Muhammed International Airport, Lagos, is not only obsolete but also an infrastructure that has outlived its lifespan. She lamented that the facility that was built 50 years ago had not undergone major rehabilitation, stressing that it had not undergone rehabilitation ever since the facility was constructed. Kuku further stated that a lot of…

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