News

  Managers know the importance of their companies’ reputations. Firms with strong positive reputations attract better people. They are perceived as providing more value, which often allows them to charge a premium. This makes their customers to be more loyal and buy broader range of products and services. Moreover, in an economy where 70 per cent to 80 per cent of market value comes from hard-to-assess intangible assets such as brand equity, intellectual capital, and…

  Aircraft giant, Airbus has announced $39.7 billion worth of new business during the 2017 Paris Air Show. The aircraft order Provides strong evidence that the commercial aircraft market remains healthy.  The firm disclosed that it won commitments for a total of 326 aircraft, including firm orders for 144 aircraft worth $18.5 billion and Memoranda of Understanding (MoUs) for 182 aircraft worth $21.2 billion.   A320 Family aircraft sales and commitments were robust, with business accounting for a…

500 unemployed pilots, engineers take to menial jobs The lack of employment for over 300 fresh pilots and an estimated 200 engineers has led many of them to take to menial jobs of cab driving and other jobs that are not related to their training of flying aeroplanes or maintaining aircraft.   It costs over $200, 000 to train as a pilot while it costs a little less to train as aircraft engineer.   The…

 Ethiopian Airlines, the largest airline in Africa, has placed an order for 10 additional Airbus A350-900 aircraft, enabling further development of its fast expanding long-haul route network.   Last June, Ethiopian Airlines became the first African carrier to operate the A350 when it took delivery of the first of 12 aircraft in order.   Today the carrier operates a fleet of four A350s, two of which are on lease. Today’s order tops-up the Addis Ababa-based carrier’s fleet, enabling…

  The management of Arik Air said it has made On Time Performance (OTP) one of the cardinal objectives of returning the airline to its prime position.   Before now, the airline’s operations were marred by lack of respect for on-time departure, which affected passengers’ confidence in the carrier to take them to their destinations as scheduled.   Head of Commercial Arik Air, Tosan Bani, told Woleshadare.net that what they had done was to gain…