News

Seek N78bn severance pay disbursement   Over 14 years after President Olusegun Obasanjo surprisingly liquidated Nigeria Airways, workers of the defunct carrier are seeking urgent disbursement of the already approved N78bn being their severance payment as the rank of the workers is daily depleted by death occasioned by inability to procure medication for their various ailments.   Just last week, one of the pursers of the carrier, Hajia A. Jatto died of minor ailment and…

   In a new round of the more than decade-long spat at the World Trade Organisation (WTO), the Appellate Body (AB) has  reversed a 28 November 2016 report which found that the Washington State tax subsidies that paid for Boeing’s development and manufacture of the 777 X aircraft were “prohibited” under the Agreement Subsidies and Countervailing Measures (ASCM).   However, an ongoing separate review in the DS353 case has confirmed that those subsidies are illegal and…

The Assets Management Corporation of Nigeria (AMCON) has refuted claims widely reported in the media that Ethiopian Airlines is at the verge of taking over Arik Air. The report claimed that there are discussions going on with Ethiopian Airlines for the carrier to render management services to Arik. But spokesman for AMCON, Jude Nwauzor in a statement today said contrary to these reports, AMCON is not aware of any current discussion or negotiation with the…

By Kieron Monks, CNN   Arik Air has endured a series of crises but could soon be under new management (CNN)Nigeria’s leading airline could soon be under new management. Ethiopian Airlines has submitted a formal offer to take charge of troubled carrier Arik Air, which accounts for more than half of Nigerian air passenger traffic, according to official statistics. “We have outlined our terms and conditions to the Nigerian government and we are waiting to see…

FAAN apologises   Wole Shadare For about an hour, activities at the Murtala Muhammed International Airport, Lagos came to a halt over power outage at the premier airport. Engineers battled to restore power to the terminal but eventually succeeded as travellers struggled to conduct their activities under darkness. Meanwhile, spokeswoman for the Federal Airports Authority of Nigeria (FAAN), Mrs. Henrietta Yakubu in a statement made available to Woleshadare.net said a minor power interruption at the public concourse…

Commissioner/Chief Executive Officer, Accident Investigation Bureau, (AIB), Capt. Akin Olateru,(middle), flanked by Director,Engineering, Engr. Mohammed Wali, (left) and Head, Public Affairs, Mr. Tunji Oketunbi at a press briefing release of aircraft serious inccident and accident report at Air Safety House, Murtala Mohammed International Airport, Ikeja, Lagos on 30/08/2017