Business

  Foreign investors in partnership with wealthy Nigerians are set to invest over $20 billion in two new airlines that could help to shape the airline industry’s landscape.   Woleshadare.net learnt that the promoters are also planning aircraft maintenance facilities in the country to boost airline operations. Spokesman for Nigerian Civil Aviation Authority (NCAA), Sam Adurogboye, declined to comment on the issue, but disclosed that some airlines could start to operate before the end of…

The Fly and Win promo introduced as part of activities to celebrate the 10th Anniversary of the Murtala Muhammed Airport Terminal Two (MMA2) still continues and will end on Thursday, July 20, 2017 while the final draw date is Friday, July 21 when the star prize, a Kia Rio saloon car and other consolation prizes will be won.   The star prize is a product of a partnership between Bi-Courtney Aviation Services Limited (BASL), operators…

     Deployable voice, data recovery devices on Airbus planes Airbus is to implement new fixed and deployable flight recorders for Airbus’ airliner programmes, in collaboration with L3 Technologies. The new devices will come in two versions: a fixed crash-protected Cockpit Voice and Data Recorder (CVDR), capable of recording up to 25 hours of voice and flight data on a single recorder; and an Automatic Deployable Flight Recorder (ADFR).   This new CVDR will be…

Twenty-one nations have signed the air liberation pact, an indication that a 20-year dream could come to fruition. WOLE SHADARE writes The figure is rising, signposting that the liberalisation of Africa’s sky could be a reality afterward. With 21 out of 54 African nations signing the solemn Declaration, the 20 years air pact, which had gathered dust and appeared jettisoned could actually revive air transport challenges in the continent. Protectionist measures There are many reasons…

Additional order shows confidence in the fuel-efficient A320neo     GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric has signed a firm order for 100 A320neo Family aircraft at the 52nd International Paris Air Show. GECAS has selected CFM’s LEAP-X engine for all 100 A320neo Family aircraft.   This new order brings the total number of Airbus aircraft ordered by GECAS to almost 600 aircraft. Of these 220 are…

Osinbajo meets operators  Nigerian airline operators’ woes could come to an end as Acting President, Prof. Yemi Osinbajo said Federal Government has concluded plans to assist them by addressing challenges that have hampered the growth and development of the sector, and hindered it from taking advantage of its natural geographical position as the hub for Africa.   The assistance is expected to come in reduction or harmonisation of over 35 charges levied against airlines, which they described as outrageous…

 Product offers 8 private suites Emirates today confirmed that its new First Class product will be showcased at the Dubai Air Show in November.   Making its debut on-board a Boeing 777-300ER, Emirates’ new First Class cabin will feature 6 private suites laid out in a 1-1-1 layout, compared to the existing 8 private suites in a 1-2-1 layout on its existing 777 fleet.   In addition to the entirely redesigned First Class product, Emirates’…

  Carrier to launch in Dec. Approach aimed at business travelers     Despite the prolonged spell of turbulence in the country’s aviation industry, a new and ambitious airline Jetwest is being cleared for take-off.   JetWest, according to CNN could make its maiden voyage in December, and the team behind it is aiming high.   The nation’s leading carrier, Arik was recently taken over by the government to prevent it collapsing. The venture’s founder…

Connecting people even more efficiently   Airbus has delivered easyJet’s first A320neo, which is also the airline’s 300th A320 Family aircraft, at a ceremony in Toulouse involving Carolyn McCall, easyJet CEO, Gaël Méheust, CFM international CEO, Tom Enders, Airbus CEO, and other senior executives.   The aircraft, powered by CFM LEAP-1A engines, is configured in a comfortable 186 seat layout. To mark the occasion and to distinguish the NEO fleet, the aircraft has a specially…

United Bank for Africa Plc (UBA) successfully raised $500 million, though a debut Eurobond, which was 240% over-subscribed.  The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy.  The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S) listed on the Irish Stock Exchange and will further support the Group’s strategic vision, as it continues to grow its franchise across the continent and client segments.   The bond, which is rated…