News

Country rakes in $86.7bn FDI   Aviation contributed $1.3 billion to Nigeria’s Gross Domestic Product (GDP) in 2016, Managing Director of the Federal Airports Authority of Nigeria (FAAN), Saleh Dunoma, has said. This represented 0.02 per cent of Nigeria’s GDP and there are indications the 2017 figure would be much higher than the previous year’s figure given the fact that aviation posted very good earnings last year coupled with increase in passenger traffic and other…

  Govt. to own 5% equity in new firm Action not to kill domestic airline-Sirika The Federal Government yesterday made good its promise as it unveiled the name of new national carrier as Nigeria Air. The government equally unveiled logo of the carrier which is a wave-like ribbon depicting the nation’s flag, with Motto, “Bringing Nigeria Closer to the World”. The Minister of State of Aviation, Hadi Sirika at the unveiling of the name and…

 Uganda Airlines, the national carrier of Uganda, has signed a memorandum of understanding for two A330-800neo, the new version of the best-selling A330 widebody airliner, featuring new wings new Rolls-Royce’s latest-generation Trent 7000 engines, new systems and a new Airspace cabin interior.  The agreement was announced at Farnborough airshow by Ephraim Bagenda, CEO of Uganda Airlines and Eric Schulz, Airbus Chief Commercial Officer.  Uganda Airlines plans to use the A330-800neos to build its international long-haul network…

The Nigerian government has unveiled the name and logo of the new national flag carrier. The national airline is named Nigeria Air. The unveiling was done at Farnborough Air Show in London. The airshow is the meeting place where aircraft manufacturers, engine manufacturers, aircraft leasing companies, aviation consultants and marketers gather every two years to do business. “The new national carrier will bring Nigeria closer to the world,” the presidency said.   The Minister of State for…

  FG to unveil airline tomorrow meet plane maker in England China to overtake US as biggest air travel market The establishment of a national airline got the desired momentum as Nigeria would at far- away Farnborough, United Kingdom unveil the carrier tomorrow. The unveiling would be done at ongoing Farnborough Air Show. The Farnborough International Airshow is a week-long, biennial event that combines a major trade exhibition for the aerospace and defence industries with a public airshow.  At the air show, world’s largest jet…

The management of Arik Air has pledged to enhance its cooperation with the Nigerian Police in a bid to further boost security at the nation’s airports. The airline said information sharing was necessary in order to curb criminal acts in the sector, stressing that without the collaboration of all security agencies, it would be difficult for the government to achieve security of lives and equipment in the industry. The Senior Vice President Operations, Arik Air, Captain Adetokunbo Adekunbi stated this on Monday when the Assistant…

 Airbus’ new Global Services Forecast predicts a $4.6 trillion worldwide market for commercial aircraft services from 2018 to 2037.   The new analysis is based on three-way market segmentation, respectively focusing on the aircraft, the airline operation, and the passenger experience.   Aircraft-focused lifecycle services represent the largest segment of growth and include maintenance, spares pool access, tooling, technical training and system upgrades – which are needed to keep the airlines aircraft flying.   This…

It is an exciting time once again for Nigeria, as the country remains a major force in aviation regionally and in Africa. For this to be sustained, the country needs to right the wrongs. WOLE SHADARE writes The projection It has been projected by the International Air Transport Association (IATA) that Nigeria would rank among eight fastest growing markets by 2034, just as the country remains a major force due to her population on the continent and…