Business

Minister of Information, Culture and Tourism, Alhaji Lai Muhammed, Chairman, The Resort Group, Dr. Wale Babalakin (SAN), and others have identified the major problems militating against private investment in Nigeria as inadequate education among government officials about the issues involved in Public-Private Partnership (PPP), lack of legal framework, inconsistent government policies and failure to honour agreements validly entered into. According to them, until these problems are resolved, there would always be dearth of the expected…

  Firm may begin regional flight from terminal   A decade long protracted face-off between Bi-Courtney Aviation Services Limited and the Federal Government over the concession agreement of the N36 billion Murtala Muhammed Airport 2 (MMA2) terminal may soon be over. The Federal Government through the Minister of Information, Culture and Tourism, Alhaji Lai Mohammed disclosed that the Federal Government would honour the agreement of 36 years and not 12 years as being peddled by…

 …Offer includes free 3rd piece of luggage and My Emirates Pass    Emirates is offering Nigerian travellers the opportunity to visit Dubai with a special Economy and Business Class return airfare that includes a  free third piece of luggage of up to 23 kg and a “My Emirates Pass”.   Under the special offer, an Economy Class ticket from Lagos to Dubai costs $875 for low season and $941 for high seasons, while Business Class goes for $3827 for all seasons.  The…

Finds city suitable for operations   Ethiopian Airlines today announced that it will commence scheduled international flights from the Kaduna International Airport to other international destinations in its vast global network by August 1 2017. The airline was the first to land in Kaduna after the six-week closure of Nnamdi Azikiwe International Airport, Abuja, for the repairs of its runways in April. To maximise the viability of the upgraded Kaduna Airport, the Kaduna State Government…

 The International Air Transport Association (IATA) announced that the YY Fares will be rescinded from October 31, 2018.   The decision to rescind YY Fares was taken with a vote by the IATA Passenger Tariffs Conference on June 28 2017. The rescinding of YY fares reflects the dramatic transformation that continues to take place in the distribution of airline products.    YY fares are IATA multilateral interlineable fares. Established in 1945, they successfully enabled consumers to purchase a…

  The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonnekilometers (FTKs), grew 12.7% in May 2017 compared to the year-earlier period.  This was up from the 8.7% annual growth recorded in April 2017 and is more than three times higher than the five year average growth rate of 3.8%.   Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 5.2% year-on-year in May 2017.   The continued growth of air freight demand is consistent with an improvement in world trade. This, in turn,corresponds with new global export…

British Airways has announced plans to give customers a great night’s sleep in the sky through a partnership with the luxury lifestyle brand, The White Company.   The iconic British retailer will supply bedding and amenity kits in Club World as part of the airline’s £400m customer investment plan, with a focus on excellence in the premium cabins and more choice and quality for all.   Later this year, customers travelling in Club World between Heathrow and…

Sir Richards Branson’s iconic airline launched flights from Lagos in July 2001 Around 3 million Nigerian Customers have flown with Virgin Atlantic since Iconic airline offers daily flights to London Heathrow, and connections onwards to the US   Virgin Atlantic is today celebrating sixteen years of flying between Lagos and London – helping over three million customers enjoy holidays, business trips and visit friends and family in the UK and beyond. The airline celebrated by…

Obsolete infrastructure that hampers the ease of doing business, introduction of new charges without consulting the carriers, epileptic supply of Jet A1 have made nonsense of feasibility studies of airlines and reduced poor utilisation of aircraft, airline operators under the aegis of Airline Operators of Nigeria (AON) have said. Chairman, AON, Capt Noggie Meggison, made this known in a paper he made available to Woleshadare.net recently. He said that this development has made airline operators…