News Archives - Page 242 of 383

Group to FG: Use $100m BASA fund for safety facilities

Posted on November 23, 2017 by Wole Shadare

BASA funds should be used for critical safety infrastructure development Aviation industry pressure group, Aviation Round Table (ART), has called on the Federal Government to ensure better management of the Bilateral Air Services Agreement (BASA) funds, which are funds that accrued from the nation’s air services agreement. President of the group, Mr. Gbenga Olowo, made this call in a statement made available to Woleshadarenews. He advised that the funds should be well managed to provide critical…

Diversifying Nigeria’s airport revenue amid new aerodrome rating

Posted on November 23, 2017 by Wole Shadare

The certification of Lagos and Abuja airports is huge boost for Nigeria. Its coincidence with planned concession of the two facilities could be a new method to diversify the sector’s revenue. WOLE SHADARE writes Airports before 1990s Since airline deregulation in the 1990s, the nature of airports has changed dramatically. Airports in the 1970s and 1980s were regarded as transport infrastructure where the emphasis was providing airlines and general aviation with…

IATA, African Development Bank sign MoU to Advance Africa’s Aviation

Posted on November 22, 2017 by Wole Shadare

The International Air Transport Association (IATA) and the African Development Bank (AfDB) have signed a memorandum of understanding (MoU) to establish a framework for collaboration to boost the aviation sector in Africa. The MoU was signed on the sidelines of the International Civil Aviation Organization World Aviation Forum – Financing the Development of Aviation Infrastructure – in Abuja, Nigeria by IATA’s Director General and Chief Executive Officer, Alexandre de Juniac, and African Development Bank…

Africa must implement air liberalization pact, says AfDB President

Posted on November 21, 2017November 21, 2017 by Wole Shadare

“Together, let’s open up the skies of Africa, and together let’s integrate Africa. By so doing, we will build stronger and more resilient economies.” – Akinwumi Adesina, President of the African Development Bank The African Development Bank (AfDB) has called on African countries to implement the 1990 Yamoussoukro agreement for open skies. While 20 countries have signed on, the 27-year old accord still faces implementation challenges, Akinwumi Adesina, President of the AfDB said Tuesday at the opening…

Buhari decries poor investment in aviation infrastructure

Posted on November 21, 2017November 21, 2017 by Wole Shadare

AfDB pegs aircraft capitalisation need at N45.9 trillion Despite the huge potentials in air transport sector, President Muhammadu Buhari said Nigeria has not done well in the area of aviation infrastructure. The President made the disclosure at the opening of the International Civil Aviation Organisation (ICAO) World Aviation Forum in Abuja said the sector needs to be ready for exponential growth as predicted by the International Air Transport Association (IATA) which puts…

Nigeria needs $776bn to develop transport infrastructure in 30 years-Sirika

Posted on November 21, 2017 by Wole Shadare

Africa needs $35bn yearly for sector in 20 years-AfDB Minister of State for Aviation, Hadi Sirika said Nigeria would need $775bn to develop the country’s transportation infrastructure over the next 30 years. Along the same line, the African Development Bank (ADB) estimates that the continent would need $35bn annually to develop the sector for 20 years, stressing that this ofcourse is focused on four broad sectors such as transport, transport infrastructure, electricity and rural…

AfDB assisted African aviation with $1bn in past ten years

Posted on November 21, 2017 by Wole Shadare

The African Development Bank (AfDB) has called for bold actions to improve connectivity, market access, and cost reduction in Africa’s aviation sector. This is coming as the financial institution disclosed that it had provided about $1bn to the African aviation sector in the last ten years. Pierre Guislain, AfDB Vice-President for Private Sector, Infrastructure and Industrialization, made this call at the third International Civil Aviation (ICAO) Abuja on Tuesday. The AfDB is partnering with the…

Airlines seek improved intra-African air connectivity

Posted on November 21, 2017 by Wole Shadare

23 states endorse full YD implementation Africa’s apex airline body, African Airline Association (AFRAA) has called on African Governments and stakeholders to enable airlines to improve intra-Africa connectivity by unlocking the barriers to connectivity. The 23 States that have signed up for the full implementation of the Yamoussoukro Decision towards the Single African Air Transport market were urged to follow through on their commitment in order to stimulate the development of inter-African air transport and…

Etihad deploys all B787 on Swiss services

Posted on November 20, 2017 by Wole Shadare

Etihad Airways’ flights to and from Switzerland will become an all-Boeing 787 Dreamliner operation with the aircraft being deployed on the Abu Dhabi – Geneva route, effective 25 March 2018. The Dreamliner flights to Geneva will complement the airline’s existing 787 Dreamliner scheduled services connecting Abu Dhabi and Zurich, becoming the fifth European city to be served by the carrier’s rapidly growing fleet of next generation aircraft. Etihad Airways currently operates daily flights…

USA just got closer with British Airways

Posted on November 20, 2017 by Wole Shadare

British Airways has launched fantastic fares to selected destinations in USA from Lagos. The carrier’s customers and the general public are told to take advantage of the slashed fares from November 17th up till November 27th, 2017 for flights from Lagos to USA. The slashed fares will start from $782 to New York, $752 to Washington DC and $882 to Atlanta. Mr. Kola Olayinka, British Airways Regional Commercial Manager, West Africa, said, “British Airways is bringing USA…

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