News Archives - Page 22 of 381

IOCs, LOCs Meet Aviation Ministry, Agent Over Helicopter Landing Levies

Posted on August 11, 2024 by Wole Shadare

The International Oil Companies (IOCs) and Local Oil Companies (LOCs) under the aegis of the Oil Producers Trade Section (OPTS) have agreed to follow the recommendations of the ministerial committee established by the Minister of Aviation and Aerospace Management to review the helicopter landing levies collected by the ministry’s agent, NAEBI Dynamic Concepts Limited. This decision was announced on Wednesday in Abuja after a meeting between the oil companies, ministry officials, representatives of NAEBI Dynamic…

FCM boss, Adejoju harps resilience in corporate travel amid economic downturn

Posted on August 6, 2024 by Wole Shadare

The Managing Director of FCM Nigeria, Adejoju Olutimayin affirmed the need for comprehensive travel management solutions in today’s fast-paced business environment. Speaking at the 28th Annual Conference of the League of Airport & Aviation Correspondents (LAAC) held in Lagos, Olutimayin, who delivered an address on the importance of adaptability and innovation in the corporate travel sector, noted that in a macroeconomic environment marked by uncertainty, highlighted FCM’s commitment to delivering tailored travel solutions that prioritise…

Overland Begins Direct Lagos, Abuja Direct Flight Services

Posted on August 5, 2024 by Wole Shadare

Overland Airways, Nigeria’s longest-serving domestic airline, announces the commencement of direct flight services from Lagos to Abuja. Beginning on August 9, 2024, Overland Airways will offer regular daily direct flights between Nigeria’s economic hub Lagos and the administrative capital Abuja, operating over 60 weekly frequencies between the two cities to boost capacity on the route. This new service operating with Overland Airways’ brand new Embraer E-175 jets in a two-class configuration of Premium and Economy…

Kuku seeks speedy aviacargo implementation schedule

Posted on August 1, 2024 by Wole Shadare

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kiku has tasked the Aviacargo cargo roadmap committee to immediately submit its implementation schedule, noting that it was of great importance to the government. The coordinator of the Committee Mr. Ikechi Uko had briefed her on the work done so far. He pointed out that Wednesday was the first meeting of the enlarged committee in over 10 months. He thanked the…

Seized aircraft: NAMA urges Arik, Eze to settle dispute, denies exparte order receipt

Posted on July 30, 2024July 30, 2024 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) said it is yet to be formally served the ex-parte order by Arik Air stopping further execution of the judgment of the Supreme Court. It tasked the parties to the dispute to resolve their issues as quickly as possible so that the Arik aircraft in question could resume flight operations. NAMA’s Director of Public Affairs and Consumer Protection, Alhaji Abdullahi Musa in a statement explained that on July…

Aircraft shortage to meet growing demand fuels fare hike, says Minister

Posted on July 29, 2024 by Wole Shadare

Minister of Aviation and Aerospace Development, Mr.Festus Keyamo, has promised a reduction in ticket fares soon. He emphasized that, currently there is a shortage of planes by local operators to meet the growing demand for air travel thus the hike in fares. The financial difficulty faced by airlines has impacted them negatively as they have scaled down operations, and aircraft. At the same time, poor services have gone a notch higher with many passengers bearing…

Nigeria identifies wet lease, others as obstacles to carriers’ growth

Posted on July 26, 2024 by Wole Shadare

NANTA seeks Minister’s intervention in travel trade market Trans-boarder ticket sales shrink domestic market by 40% For many years, Nigerian airlines have been faced with the challenge of getting aircraft on a dry-lease agreement which has put enormous strain on their operations as airplanes are only available to the operators on a wet-lease basis with huge attendant costs. Faced with the situation that has led to the shrinking of the country’s domestic aviation market…

NAMA alerts public on hacked NAMA MD’s social media account

Posted on July 20, 2024 by Wole Shadare

Director of Public Affairs and Consumer Protection Issues Alert on Hacking of MD/CE NAMA’s Facebook Account The Nigerian Airspace Management Agency (NAMA) has alerted the public of the activities of hackers that have hacked the social media account of the Managing Director of NAMA, Engr. Umar Ahmed Farouk. The Director of Public Affairs and Consumer Protection, Alhaji Abdullah Musa alerted the public of the activities of the scammers, stating, “To a significant incident: the…

Q2 2024: United Airlines rakes in $1.7b pre-tax earning

Posted on July 18, 2024 by Wole Shadare

United Airlines (UAL) has reported second-quarter 2024 financial results. The company had pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 The company also achieved diluted earnings per share of $3.96; and adjusted diluted earnings per share1 of $4.14, in line with second-quarter 2024 guidance provided at the start of the quarter. The company continues to expect full-year 2024 adjusted diluted earnings per share2 of $9 to $11. For nearly two years, the airline has been anticipating…

Alleged new A330 jet for Nigeria’s President sighted in France

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

Plans by the Federal Government to purchase a foreclosed A330 from a German bank have reached an advanced stage as the aircraft may have been assigned a tail registration that also bears the seal of the President of the Federal Republic of Nigeria, Empowered Newswire reports. Informed sources from international aviation firms and news sites also indicate that as of early afternoon Nigerian time on July 15, 2024, the plane has been flown from Germany…

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