Business

The inability of Nigeria’s airlines to grow, expand and be strong enough to attract more Nigerians to travel by air has contributed to excess capacity that has led to huge economic losses in terms of potential turn-over of the carriers, Chief Executive, CITA Aviation Fuelling Company, Dr. Thomas Olaleye Ogungbangbe, has said.   He spoke in a paper he delivered at the weekend in Lagos entitled: “Strategies and Business Performance of Domestic Airlines in Nigeria.”…

Airbus Helicopters celebrated a major milestone last week with the roll-out of the 700th H130 light single-engine helicopter, which will be operated by a private customer.   The H130 fleet has so far accumulated more than 1.8M flight hours with 340 operators worldwide. Since entry into service of the first EC130 in 2001, this light single engine helicopter has continued to evolve to better respond to customer’s expectations, with the latest H130 variant being certified in…

  Emirates has reported a profit of US$ 340 million in 2016-2017 fiscal year.   Steady business growth in line with capacity increases, results show business resilience in a competitive climate and turbulent year. Significant investment in the business stands at $ 3.7 billion.    This was disclosed today as the Emirates Group announced its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel.   Released today…

Nigerian passengers and passengers from other countries, who travel on Turkish Airlines (TK) and Middle East Airlines (ME), will be part of the beneficiaries of the codeshare agreement recently signed by the two airlines.   The agreement, which becomes effective as of May 15, cover routes between Turkey and Lebanon, and expands the travel opportunities for the passengers of both airlines.   The signing ceremony took place at MEA Head Quarters in Beirut. Middle East…

Virgin Atlantic has unveiled another exciting fare offer for their esteemed current and potential customers in the Upper class cabin as part of their continuous effort to appreciate patronage and customer loyalty. Fly from Lagos to London in the exciting, comfortable and luxurious Upper class cabin from $2, 800, exclusive of taxes, from June 1 to 30th 2017. Terms and conditions apply. The Virgin Atlantic Upper class cabin offers, both loyal and potential customers, an…