Business

  Travel & Business News (TBN), Nigeria’s leading Air Transport Safety and Security centric Magazine, recently held the 10thAnniversary of its National Travel Essay Competition (NTEC 2019) and Air Transport Youth Empowerment Summit (YES) aimed at encouraging Nigerian youngsters from the grassroots to follow a career in the sector thereby Raising Future Aviation Professionals.        The gathering which was tagged:“Changing History,” attracted youths from Secondary Schools and Tertiary Institutions across the country and held on Saturday May 25, 2019…

The Nigerian Airspace Management Agency (NAMA) has signed a memorandum of understanding (MOU) with the Ghana Civil Aviation Authority (GCAA) for effective synergy and collaborative cross border search and rescue around the common boundaries of the two states. This would help to address issues arising from the flow of air traffic among adjacent Flight Information Regions (FIRs). The memorandum of understanding which was signed at NAMA corporate headquarters in Lagos with a high-powered team of…

  Bristow Helicopters (Nigeria) Limited has recently increased its Nigerian fleet size with the introduction of at least six additional aircraft in the past six months. These state-of-the-art aircraft which include the Sikorsky S76D & S92, the Leonardo AW139 & AW189 helicopters, and also the Embraer ERJ 145 Jet aircraft serve to provide much more optionality and resilience to its operations in Nigeria, and further strengthen the company’s continuing support and commitment to its varied…

 From Wole Shadare (Toulouse, France) Aircraft maker, Airbus, said it is holding several discussions with airline operators in Nigeria on sale of its jets in a deal that could gulp several millions of dollars. The disclosure was made in Toulouse, France, venue of the ongoing Airbus Innovation Days by Airbus’ Chief Commercial Officer, Christian Scherer. Although, Scherer did not disclose the full details of the discussion and the worth of the deal which he said was…

The Nigerian Stock Exchange (NSE) has delisted the entire issued share capital of Newrest ASL Nigeria Plc from its daily official list. The Exchange in a notice obtained by the Woleshadarenews, said: “Further to our market bulletin of 27 February 2019 with reference number: NSE/RD/LRD/MB17/19/02/27 notifying dealing members of the Nigerian Stock Exchange’s approval of the application for voluntary delisting of the entire share capital of Newrest ASL Nigeria Plc (Newrest ASL or the Company),…

  Nigerian Aviation Handling Company Plc. (NACHO) witnessed significant drop in full year 2018 financials following high operating cost, administrative expenses and competitive pressure, writes Chris Ugwu After deregulation of airline services industry in Nigeria, the sector has witnessed a new era of growth and advancement. The deregulation regime offered an increased interest and investment in the dormant Nigerian aviation industry, as more airlines entered the market. The services offered witnessed a turnaround, as market- driven innovations came to bear to…

  The recent threat against telecoms infrastructure by the government agency in charge of aviation is currently unsettling the industry. While regulator insists on the demolition of masts as sanction, the telcos are also unyielding, leaving government’s intervention as the only window for resolution. SAMSON AKINTARO reports In less than 30 days from now, about 700 base transceiver stations (BTS) would be destroyed if the Nigerian Civil Aviation Authority (NCAA) goes ahead with its threat against…

Skyway Aviation Handling Company PLC (SAHCO) has been listed on the Nigerian Stock Exchange (NSE) with 1,353,580,000 shares priced at N4.65 few months after going public. This event which took place at the Trading Floor of the NSE, was attended by SAHCO’s Board of Directors, Top Management of SAHCO, NSE, Bureau of Public Enterprise, Crème de la crème of the Stock Market. The event kicked off with a Post Listing Compliance Presentation by Ms. Tinuade…

Aircarft offers an entirely redesigned Upper Class cabin  The first flight will operate on the airline’s flagship Heathrow – New York JFK route § It will take to the skies in late summer 2019 Virgin Atlantic has unveiled details of its long-awaited Airbus A350-1000 aircraft, which includes an entirely new Upper Class cabin, featuring a brand new suite and social space. On sale this month, the airline’s first A350, named Red Velvet, will take to…