Business

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…

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…