Business Archives - Page 8 of 100

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…

FAAN digitises, provides contactless payment solution at airports

Posted on September 26, 2025September 26, 2025 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) has concluded plans to roll out” Operations Go Cashless “, a contactless payment solution at airports nationwide. The pilot phase of the new arrangement, the authority said, will be flagged off with Murtala Muhammed International Airport, Lagos and Nnamdi Azikiwe International Airport, Abuja According to a statement by the airport authority, the new payment architecture is part of its broader strategy to automate and digitise its operations. FAAN…

Air Tanzania operations to Nigeria to deepen SAATM, nations plan major visa changes

Posted on September 22, 2025 by Wole Shadare

…Carrier to increase fleet to 20, plans major expansion The Tanzanian government said its flight operation to Lagos, Nigeria, would help to deepen interconnectivity with the African continent in line with the Single African Air Transport Market (SAATM). Air Tanzania Permanent Secretary, Ministry of Transport, Tanzania, Prof Godius Kahyarara, while fielding questions from Aviation Metric on Saturday at the Air Tanzania inaugural flight corporate dinner at the Lagos Continental Hotel, Lagos, stated the carrier would…

FACT CHECK! First dry-lease aircraft in two decades not correct

Posted on September 18, 2025 by Wole Shadare

ValueJet operates two dry-lease aircraft Green Africa acquired one on dry-lease in 2021 Contrary to claims that Nigeria would be receiving the first set of aircraft on a dry-lease arrangement in nearly two decades, this is not true after all. A dry lease is an aircraft leasing agreement where the owner (lessor) provides the aircraft to the lessee without crew, maintenance, or insurance. The lessee assumes full responsibility for the aircraft’s operation, including obtaining an…

Nigeria to get first dry-lease aircraft October 6, 15 years after blacklist

Posted on September 17, 2025 by Wole Shadare

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the first aircraft under a dry lease agreement will arrive in Nigeria on October 6, 2025, more than 20 years after Nigeria was blacklisted from dry aircraft agreements. He stated that the reforms of the Federal Government on aviation, as they affect Nigerian airlines’ ability to get a cheaper source of aircraft financing through the dry-lease arrangement, are paying off. The Minister, who…

NAMA seeks financial autonomy, begs National Assembly to end 50% deduction

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

The Nigerian Airspace Management Agency (NAMA) has canvassed for the intervention of the National Assembly to end the 50% revenue deduction and attain financial autonomy. The Managing Director of NAMA, Farouk Umar, who made this plea in his opening remarks at the ongoing 4-day retreat of the House Committee on Aviation in Abuja, maintained that “modernising Nigeria’s aviation sector cannot happen without financial reform.” He called for the full enforcement of section 9(2) of the…

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