FEATURES Archives - Page 12 of 34

How Nigeria’s risk rating exposes airlines to expensive wet-lease

Posted on April 23, 2024April 23, 2024 by Wole Shadare

Nigeria is the largest market in Africa. The potential is there. The market is large. The country seems to be getting its act together as it tries to exit aircraft lessors’ ‘blacklist,’ writes WOLE SHADARE High risk The consensus is that aircraft lessors and financiers are still reluctant to lease or finance aircraft to African operators, which are considered high risk relative to other placement opportunities. The reason is that prospecting in the African continent…

Price war: Savouring int’l route amid frustrating domestic fare conspiracy

Posted on April 16, 2024April 16, 2024 by Wole Shadare

In the battle to capture the customer, companies use a wide range of tactics to ward off competitors. Increasingly, price is the weapon of choice—and frequently the skirmishing degenerates into a price war. WOLE SHADARE writes that while travellers are excited about the London price war, the domestic sector is allegedly witnessing price collusion Price appeal Creating low-price appeal is often the goal, but the result of one retaliatory price slashing after another is often a…

Q1 REVIEW: Cautious optimism towards robust growth

Posted on April 9, 2024 by Wole Shadare

The aviation industry in the first quarter of 2024 can be described as mixed. The sector in Nigeria is grappling with so many challenges but there is hope that the managers of the sector are poised to tackle the myriad of issues confronting it, writes, WOLE SHADARE Age long decay Many of the country’s aviation woes have been there for decades with various governments that came after doing their best but how best had their best…

Seeking solution to dearth of skilled manpower, ageing workforce

Posted on April 4, 2024 by Wole Shadare

Manpower development could be ensured via scholarships and sponsorships from organisations and well-meaning individuals, especially to young aviators as this is fundamental to the sustainable development of the sector, writes WOLE SHADARE Survey outcome Fourty-five per cent of industry leaders in a recent survey identified a labour shortage in the maintenance technician field as the most urgent challenge in aerospace and aviation. Global demand for aviation skills is set to overtake supply by 2027 with…

Assessing Nigerian airports’ security architecture

Posted on March 28, 2024 by Wole Shadare

Since the ICAO security audit helps member states identify critical weaknesses in their aviation security and oversight systems, and also guides them in developing targeted action plans to correct the deficiencies, it is of utmost importance to appraise Nigeria’s recent success at the just concluded test, WOLE SHADARE writes Threat to aviation The threat to civil aviation from acts of unlawful interference is real and constantly evolving. ICAO’s Universal Security Audit Programme (USAP), established in…

Reduced travels’ economic impact on air transportation

Posted on March 19, 2024March 19, 2024 by Wole Shadare

In recent times, the skies above Nigeria seem to be soaring to new altitudes, not just in terms of flights but also in the cost of air travel, writes, WOLE SHADARE Empty terminals Air travel is one of the barometers to gauge the health of a nation. Whenever a country is doing well, it will reflect on the number of people that travel by air. Nigerian aviation is not a stand-alone. It is part of the…

Deep reflections on Africa’s troubled airlines

Posted on March 12, 2024March 12, 2024 by Wole Shadare

Africa’s airlines must wake up to the brutal competition outside the continent. That remains their biggest challenge, writes, WOLE SHADARE Sharp contrast The sheer size of Africa, the distances between cities, and the poor state of road and rail infrastructure should, in theory, make aviation an ideal mode of transport for the movement of goods and people alike. Air transportation, however, has failed to fill this gap and the market remains small by the standard of…

Bridging fare gap, stemming exploitation

Posted on March 5, 2024March 5, 2024 by Wole Shadare

The unblocking of lower fare inventories by foreign airlines has elicited joy among travellers as the stability or volatility of the naira will now go a long way to determining appropriate pricing and eliminating exploitation, WOLE SHADARE writes Front burner Airfare increase on Nigerian routes has been on the front burner for more than two years. Fare disparity, however, took a different dimension when many of these foreign carriers capitalised on our indiscretion to keep…

Informal airline collaboration eases travel pain

Posted on February 27, 2024 by Wole Shadare

Nigerian carriers are mapping out strategies to ease travellers’ pains as they informally collaborate, writes, WOLE SHADARE New strategy Nigerian carriers may not have perfected the Spring Alliance agreement, but they are quietly collaborating amongst themselves to solve one of the biggest problems of flight delays and cancellations that is fast taking the joy out of air travel through informal arrangements. A few years ago, Nigeria’s fast-rising airline, Ibom Air and Dana signed a codeshare…

Airline industry: Sinking funds into bottomless pit

Posted on February 20, 2024February 20, 2024 by Wole Shadare

Warren Buffet in one of his popular quotes said the worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. WOLE SHADARE writes why airlines are perennially troubled Perennial trouble Why are airlines perennially troubled? That is the question agitating the minds of many stakeholders. Amid the gloom, many are still interested in investing in the business only to express their frustrations and regrets…

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