News Archives - Page 18 of 383

AMCON: Why we took over Arumemi-Ikhide’s three firms, vows to recover N227.6 billion Arik debt

Posted on January 17, 2025 by Wole Shadare

Unmoved by what it termed peddling of falsehood, the Assets Management Corporation of Nigeria (AMCON) on Friday said there is no going back on the corporation’s effort to N227,637,469,394.34 billion owed by Arik Air saying it would not be intimidated by the debtors alleged sponsored media attacks and resistance to pay. Putting the record straight, spokesman for AMCON, Jude Nwauzor who briefed the media in Lagos disclosed that the firm needed to correct some misinformation…

Safety, efficient air navigation pivotal to economic dev, says Perm Sec, Kana

Posted on January 10, 2025January 10, 2025 by Wole Shadare

The newly appointed Permanent Secretary of the Ministry of Aviation and Aerospace Development Dr Ibrahim Abubakar Kana has commended the critical role played by the Nigerian Airspace Management Agency (NAMA) in ensuring the safety and efficiency of air navigation in the country. Describing it as very strategic and pivotal in the nation’s economic development, even as he eulogised the staff of the agency for their teamwork, dedication and commitment towards achieving organisational objectives, saying that…

African airlines’ increase demand rises by 12.4%

Posted on January 9, 2025January 9, 2025 by Wole Shadare

African airlines saw a 12.4% year-on-year increase in demand. Capacity was up 6.0% year-on-year. The load factor rose to 72.9% (+4.1 ppt compared to November 2023) according to the International Air Transport Association (IATA) which released data for November 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometres (RPK), was up 8.1% compared to November 2023. Total capacity, measured in available seat kilometres (ASK), was up 5.7% year-on-year. The November…

Olumekun replaces Gupta as NAHCO’s GMD/CEO

Posted on January 2, 2025January 2, 2025 by Wole Shadare

The Nigerian Aviation Handling Company PLC, (nahco aviance) has announced the appointment of Olumuyiwa Olumekun as the Group Managing Director/Chief Executive Officer (GMD/CEO) of the Company effective January 1, 2025. Olumekun replaces Indranil Gupta whose tenure expired December 31, 2024. In a notice to the Nigerian Exchange (NGX) dated December 27, 2024, the Company Secretary, Bello Abdullahi, disclosed that “the Board approved the appointment of Olumekun as the Group Managing Director/Chief Executive Officer (GMD/CEO) of…

Turkish Airlines Sets Guinness World Records as ‘Most Countries Flown’ to by an Airline

Posted on December 26, 2024 by Wole Shadare

Turkish Airlines, which has held the title of flying to most countries in the world since 2012, has been officially recognized by Guinness World Records as the record holder. The national flag carrier has successfully achieved the Guinness World Records™ title for the “Most Countries Flown to by an Airline”. The record certificate was presented at Santiago Arturo Merino Benítez International Airport following Turkish Airlines’ inaugural flight to Chile. The ceremony was attended by Turkish…

African nations meet to cut high aviation taxes, Gambia, Senegal seal pact on charges

Posted on December 23, 2024December 24, 2024 by Wole Shadare

Poor connectivity, high taxes, obstacles to African aviation growth-Minister Director-General of Civil Aviation Authorities in Africa and policymakers in the continent are tinkering with cutting high aviation taxes and charges as they lamented that high taxes and charges are killing the African travel industry. The Gambian Minister of Transport, Works and Infrastructure, Ebrima Sillah disclosed on Saturday when Overland Airways launched flight services to Banjul, The Gambia with a brand new Embraer E-175 aircraft. He…

FAAN deepen aviation sector reportage, trains journalists

Posted on December 18, 2024December 18, 2024 by Wole Shadare

LAAC chairman, Suleiman lauds FAAN, CIAPS for training The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku said the training of aviation journalists was to help deepen understanding of the fast-paced aviation industry with a view to helping them report accurately. Kuku who was represented by the Director of Public Affairs and Consumer Protection of FAAN, Mrs Obiageli Orah at a one-day training of journalists and media team…

NAMA reflects on Farouk’s one year exceptional leadership at award night

Posted on December 18, 2024December 18, 2024 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) marked one year of impactful leadership under the stewardship of its Managing Director, Engr. Ahmed Umar Farouk with a celebratory “Staff Recognition Dinner for Impactful Leadership and Team Excellence” at the Obudu Gardens of the Abuja Continental Hotel. The event highlighted the agency’s milestones over the past year while honouring hardworking staff members for their dedication and contributions. The “Hardworking Staff Recognition Award Night” went beyond simple appreciation. It…

FAAN aircraft marshallers undergo revalidation training

Posted on December 16, 2024 by Wole Shadare

To reduce apron-related incidents and accidents during the Yuletide, the Federal Airports Authority of Nigeria (FAAN) has launched a revalidation program for aircraft marshallers in collaboration with F.C.I International, Centre of Technical Development. Training and competent revalidation of over 200 aircraft marshallers from various airports in the federation has been carried out to enable the marshallers to perform their duty of providing safe guidance of aircraft during ground movement and taxiing as required by Nigeria…

How Azman ‘smuggled’ aircraft to Mahan Air, undermines US sanction on Iran

Posted on December 15, 2024December 15, 2024 by Wole Shadare

Airline didn’t apply for aircraft deregistration for sale-NCAA Crew turned off transponder to evade detection A Nigerian carrier, Azman has been fingered in helping to bypass sanctions against the Iranian Aviation Industries by the United States Treasury Department by clandestinely supplying it aircraft. The Iranian government seeks to exploit the decline of U.S. and French influence in sub-Saharan Africa to increase its political, economic, and military influence on the continent. This expansion began in…

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