Business Archives - Page 9 of 101

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…

Airlines: How 4% FOB suspension will promote sustainable growth, laud Tinubu, Minister

Posted on September 16, 2025 by Wole Shadare

Airline operators under the aegis of Airline Operators of Nigeria (AON) said President Bola Tinubu’s suspension of 4 per cent Free on Board (FOB) levy on Imports is a clear demonstration of his commitment to creating a business-friendly environment, protecting critical sectors of the economy, and promoting sustainable growth. AON particularly lauded the Minister of Finance, Mr. Wale Edun, for his exemplary leadership as a listening Minister who has shown deep patriotism and responsiveness by heeding…

Aero Contractors Showcases Upgraded MRO Capabilities at Aviation Africa Summit

Posted on September 15, 2025 by Wole Shadare

Nigeria’s oldest aviation company, Aero Contractors, made a strong statement at the just-concluded Aviation Africa Summit and Exhibition in Kigali, Rwanda, by showcasing its upgraded and expanding Maintenance, Repair and Overhaul (MRO) capabilities. The summit, which drew industry leaders, airlines, regulators, and Original Equipment Manufacturers (OEMs) from across the continent, provided a platform for Aero to demonstrate how its MRO division is positioning itself as a trusted partner for airlines seeking efficient, reliable, and Africa-based…

NSIB: Air Peace cabin crew, pilots tested positive for cannabis, alcohol after runway overrun

Posted on September 11, 2025September 11, 2025 by Wole Shadare

…Chides airline over poor internal checks …Incident, wake-up call In a clear violation of safety rules and risking the lives of 103 persons onboard, the incident involving an Air Peace B737-500 which overshot the runways at Port-Harcourt International Airport, River State on July 13, 2025 has been attributed to the ingestion of alcohol by the pilots of the aircraft and a cabin crew member who also tested positive for THC, the psychoactive component in cannabis….

Air Côte d’Ivoire takes delivery of first A330neo

Posted on September 9, 2025September 9, 2025 by Wole Shadare

Air Côte d’Ivoire, the national flag carrier of the Republic of Côte d’Ivoire, has taken delivery of its first of two Airbus A330-900 aircraft. The A330neo is the first wide-body aircraft in Air Côte d’Ivoire’s fleet and is configured in a comfortable four-class cabin layout with four seats in First, 44 in Business, 21 in Premium Economy and 173 in Economy class. The airline is the leading airline in West and Central Africa, with 22…

NCAA summons airlines over recurring passenger complaints, others

Posted on September 9, 2025 by Wole Shadare

Piqued by the growing number of complaints by passengers, the Nigeria Civil Aviation Authority (NCAA) may wield the big stick. This is coming as the aviation regulatory body has called domestic airlines to an emergency meeting over the growing number of flight delays, cancellations and affecting passengers across the country. The meeting, scheduled for Wednesday at the NCAA headquarters in Abuja, was confirmed by the agency’s Director of Public Affairs and Consumer Protection, Michael Achimugu, via…

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