Low-cost airlines in Nigeria remain impractical amid galloping costs

Low-cost airlines in Nigeria remain impractical amid galloping costs

Not a few have shrugged off the idea of ‘low-cost airlines’, saying it made little business sense in the context of dwindling revenue of airlines in Nigeria and Africa at large, writes, WOLE SHADARE Tough clime Africa is an expensive place for airlines to do business. Having the right fleet strategy, access to finance, and a harmonised regulatory system are all crucial for air transport to develop. The potential that Africa possesses for air services is…

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Double Whammy For Airlines, Passengers Over Trapped Funds

Double Whammy For Airlines, Passengers Over Trapped Funds

Airlines and travelers are beginning to see the repercussion of over $450 million in carriers’ monies trapped in the country. Emirates Airlines has cut down capacity on the Nigerian route, while other carriers are likely to follow the trend. Airfares have gone up as a result of the action to keep their funds; job losses loom just as travel agents also feel the brunt, writes WOLE SHADARE   Dire situation The situation is very dire…

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Nigerian airlines on death throes

Nigerian airlines on death throes

At times of surging fuel prices, one response by airlines has been to impose fuel surcharges on top of the base fares for flights. The sudden increase in the price of jet fuel has triggered the planned re-introduction of fuel surcharges by a number of airlines, writes, WOLE SHADARE Sector in crisis When faced with higher-than-anticipated costs or the imposition of excessive tax and other charges by the government, most airlines have two choices. They can…

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Dearth Of Mechanics As Threat To Aviation Sector

Dearth Of Mechanics As Threat To Aviation Sector

A widespread deficit of aircraft engineers across all continents has affected the sector in recent years with cases of aircraft engineers’ shortage. Recruiting mechanics has become noticeably more difficult, writes WOLE SHADARE Huge deficit The shortage of aviation mechanics is seriously taking a toll on the sector worldwide. The shortage of aircraft engineers for many operators of Maintenance Repair Overhaul (MRO) in Nigeria has led to a capacity and expansion deficit in many of the…

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When Night Life Returns To Lagos Airport’s Second Runway

When Night Life Returns To Lagos Airport’s Second Runway

The economic consequences of not fixing the Lagos airport 18/L for over 16 years are huge to airlines and the entire aviation value chain, WOLE SHADARE writes Answered prayers For many years, precisely nearly 16 years, the second runway of the Murtala Muhammed Airport, Lagos, operated without airfield lighting. For many years, airline operators struggled and mounted pressure on the Federal Airports Authority of Nigeria (FAAN) to provide light on the second runway popularly referred…

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High Costs As Albatross To Air Travel In Nigeria, Africa

High Costs As Albatross To Air Travel In Nigeria, Africa

 Frequent air travelers within Africa agree that the cost of air tickets is too high. So serious is this issue that top African aviation stakeholders met penultimate week in Abuja to discuss factors responsible for the high cost of airfares and to come up with suggestions on how to address such factors, writes, WOLE SHADARE  Panic response At the just-concluded National Aviation Conference organized by the Federal Airports Authority of Nigeria (FAAN) held in Abuja penultimate…

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Airlines Progress Beyond COVID-19 As Soaring Jet Fuel Price Slows Recovery

Airlines Progress Beyond COVID-19 As Soaring Jet Fuel Price Slows Recovery

Revenues are rising after the COVID-19 restriction was eased. People are returning to air travel. WOLE SHADARE writes that the challenge for airlines now is how to keep costs under control Nigerian airlines are most unlikely to return to profitability year. This is not peculiar to the nation’s carriers as many carriers in many parts of the world are witnessing serious hiccups. Only a few markets, like the United States and some parts of Asia…

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Protectionism as setback for Africa’s aviation industry

Protectionism as setback for Africa’s aviation industry

The first-ever FAAN National Aviation Conference may have come and gone, but the lessons learnt from the summit should enrich the country’s aviation industry. WOLE SHADARE who was at the summit listened to divergent views of panelists on the Single Africa Air Transport Market (SAATM) and the fear of liberalizing air transport in Africa. These fears can be confronted if Africa truly wants to develop its air transport   A burgeoning region Africa is considered a…

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Comair Endgame Shows African Airlines’ Vulnerability

Comair Endgame Shows African Airlines’ Vulnerability

The imminent collapse of loss-making British Airways’ franchisee airline, Comair, did not come to many as a surprise. Comair’s problems sum up the precarious situation of many Nigerian and African airlines, which existence hangs in the balance, writes WOLE SHADARE The unfortunate collapse of Comair, a South African-based airline, has again raised concern over the vulnerability of African airlines. All over the continent, the region is replete with hundreds of airlines that have packed up….

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New Lagos int’l airport terminal in limbo

New Lagos int’l airport terminal in limbo

Call it a lack of planning, you would not be wrong. The lack of foresight for the newly built terminal in Lagos has kept foreign airlines away from it, writes, WOLE SHADARE Idle terminal  No one would have expected a multi-million dollar Murtala Muhammed International Airport, Lagos to remain idle months after the facility was commissioned in April by President Muhammadu Buhari considering the fact that for many years, the project which was expected to be…

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