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High-risk factors, low operating capital hamper aircraft leases for African airlines

Posted on August 29, 2023 by Wole Shadare

The consensus is that aircraft lessors and financiers are still reluctant to lease or finance aircraft to African operators, which are considered high risk relative to other placement opportunities. The reason for that is that prospecting in the African continent and ostensibly operating with barely enough working capital. Due to the higher perceived risk of investing in Africa, aircraft lessors and financiers are less receptive to financing African carriers via aircraft lessors rather than as direct lending deals. The biggest…

Keyamo racing against time to fix ‘ailing’ aviation sector

Posted on August 29, 2023 by Wole Shadare

The Minister of Aviation, Mr. Festus Keyamo is actually racing against time to fix many of the issues he inherited in the aviation industry. His time actually starts now. His tenure would be judged by the level of impact he makes in the next four years. He looks capable of turning the tide to reposition the country’s aviation sector, writes, WOLE SHADARE Reactions The appointment of a lawyer and a human rights activist, Mr. Festus Keyamo…

NAMA to enhance air traffic coordination, present FRA to ASECNA for adoption

Posted on August 27, 2023August 27, 2023 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) has presented to the Agency for Aerial Navigation and Safety in Africa and Madagascar (ASECNA) the concept of Free Route Airspace (FRA) already in operation within the Kano Flight Information Region. Free Route Airspace (FRA) is a specified airspace within which users may freely plan a route between a defined entry point and a defined exit point. Subject to airspace availability, the route can be planned directly from one…

Nigeria, UAE visa standoff to end as Tinubu seek resolution

Posted on August 24, 2023 by Wole Shadare

President Bola Ahmed Tinubu has directed that the standoff between the United Arab Emirates (UAE) and Nigeria over the issuance of visas and outstanding face-off with Emirates Airlines be resolved. The President offered to personally intervene on the two issues so that people-to-person socio-economic relations between the two countries could resume. Tinubu spoke on Thursday during the presentation pf Letter of Credence by the UAE Ambassador to Nigeria, Salam Saeed Al-Shamsi at the State…

Shadare Gets NANS Excellence Award

Posted on August 23, 2023August 23, 2023 by Wole Shadare

Aviation writer and author, Wole Shadare, has received the award for diligence and work commitment, said to have qualified him as a role model for Nigerian youth. Shadare’s feat in aviation reporting spurred the body of students to consider him for recognition at the event which took place at Ahmadu Bello University, Zaria, Kaduna State, Tuesday. He was nominated and, selected among the few Nigerian personalities who received the Leadership Award at the NANS Public…

Crash probe: NSIB, NAMA collaborate on data sharing, ink deal

Posted on August 23, 2023August 23, 2023 by Wole Shadare

The safety of the Nigerian air space has received a boost as the Nigerian Safety Investigation Bureau (NSIB) and the Nigerian Airspace Management Agency ( NAMA) in line with their inter-agency collaboration agenda today in Abuja entered into a Memorandum of Understanding (MoU) agreement and renewed partnership to promote air safety. The main purpose of the agreement was to consolidate the existing relationship between NSIB and NAMA on the exchange of information, and data…

Ethiopian Airlines: Disruptive innovation, piecemeal approach to expansion

Posted on August 22, 2023 by Wole Shadare

This aviation colonialism’ fits in well with Ethiopian Airlines’ 15-year strategic plan dubbed “Vision 2025” and its strategic expansion plans, writes, WOLE SHADARE Success story Africa’s biggest and most profitable airline, Ethiopian Airlines has become the biggest airline brand in Africa. Year-on-year, the carrier keeps posting amazing profits and acquiring some of the best and most sophisticated aircraft, especially from the two biggest aircraft makers, Boeing and Airbus. Ethiopian Airlines has an amazing success story that truly…

Soremekun writes Keyamo, seeks national carrier for Nigeria, laments decrepit MMIA

Posted on August 21, 2023August 21, 2023 by Wole Shadare

A don, Prof. Kayode Soremekun has penned a memo to the newly appointed Minister of Aviation, Mr. Keyamo expressing disgust at the Murtala Muhammed International Airport, Lagos terminal, stressing that as a fairly frequent traveler, he feels diminished anytime he gets to the terminal. He also noted that as one of his priorities, Nigeria ‘must’ have its own national airline, adding that one of the best ways to do this is for the Minister to…

Chief judge, Tsoho transfers Nigeria Air, airlines’ suit to Lagos

Posted on August 21, 2023August 21, 2023 by Wole Shadare

The Chief Judge of the Federal High Court, Justice John Tsoho has reversed the decision to transfer the suit file by some airlines against Nigeria Air to Abuja. The matter is now to continue at the Federal High Court, Lagos and no longer at Abuja High Court. Reversing the decision, Justice Tsoho faulted the judgment of Justice J.K Omotosho, alleging that counsel to Nigeria Air concealed some facts that rendered the judgment given by Justice…

NCAA issues enhanced operations specifications to current AOC holders

Posted on August 20, 2023 by Wole Shadare

The Nigeria Civil Aviation Authority (NCAA) has issued enhanced Air Operator Certificate (AOC) Operations Specifications (Op.Specs) to all current AOC holders. The authority considers it imperative to issue the new OpSpecs to all current AOC holders with the validity of the previous AOC and Op. Specs retained. This directive which was contained in an All 0perator Letter referenced NCAA/DG/AIR/11/16/370 dated August 18th, 2023 is applicable to all AOC holders certificated by the authority and was…

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