Business

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…

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.”…