Top Stories Archives - Page 199 of 605

Minister woos investors to aviation sector

Posted on June 15, 2022 by Wole Shadare

Domestic travel hit by rising Jet A1, others after recovery-DG NCAA Minister, Hadi Sirika has called on investors and stakeholders in the nation’s aviation industry to take advantage of the enormous potential in the industry, describing the sector as a goldmine. He noted that Nigeria’s vantage position in terms of regional positioning, population, and natural resources has positioned it strategically as a continental leader. He however stated that globally, the core variables driving…

SAA, AFRAA deliberate on Africa’s air transport development

Posted on June 14, 2022June 14, 2022 by Wole Shadare

South African Airways (SAA) Chairman & CEO – Mr. John Lamola and Non-Executive Board Member – Mr. Nick Fadugba met with the Secretary-General of African Airlines Association (AFRAA) Mr. Abdérahmane Berthé, at SAA headquarters in South Africa for a fruitful “AFRAA Member Airline CEOs Leadership Dialogues” session. The meeting was held on Monday. The meeting was held to discuss important issues as SAA forges its path to recovery following a restart of operations in September 2021…

Capital flight: Nigeria spent $2.5b on overseas aircraft repairs in 2021

Posted on June 14, 2022June 14, 2022 by Wole Shadare

The lack of functional aircraft maintenance facilities otherwise known as Maintenance Repair Overhaul (MRO) cost Nigeria $2.5 billion (about N1.25 trillion) in 2021 in MRO investments in neighboring countries like Ethiopia, Morocco, Egypt, United Arab Emirates, South Africa, and other nations with advanced maintenance facilities. This revelation was made on Tuesday by the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Capt. Rabiu Yadudu at the first-ever National Aviation Conference holding in…

UAE airlines won’t introduce further surcharges, despite the upsurge in fuel price

Posted on June 14, 2022 by Wole Shadare

Despite the recent hike in oil prices, with Brent crude at $119 per barrel, UAE airlines will not add more fuel surcharges to ticket prices, according to several carriers. Fuel price accounts for the largest share of an airline’s operating costs, thus, price fluctuations can instantaneously reflect on airfares. The world’s largest long-haul operator, Emirates Airline said there are no plans to introduce further surcharges in June. “With the increase in operating cost, we are trying…

Comair Endgame Shows African Airlines’ Vulnerability

Posted on June 14, 2022 by Wole Shadare

The imminent collapse of loss-making British Airways’ franchisee airline, Comair, did not come to many as a surprise. Comair’s problems sum up the precarious situation of many Nigerian and African airlines, which existence hangs in the balance, writes WOLE SHADARE The unfortunate collapse of Comair, a South African-based airline, has again raised concern over the vulnerability of African airlines. All over the continent, the region is replete with hundreds of airlines that have packed up….

Dana Air, FAAN partner on national aviation summit

Posted on June 12, 2022 by Wole Shadare

One of Nigeria’s leading airlines, Dana Air, is partnering with the Federal Airports Authority of Nigeria on the maiden edition of the FAAN National Aviation Conference (FNAC) scheduled to hold from 14th to 17th of June, at the international conference center Abuja. As a partner of the conference themed: Advancing the frontiers of Possibilities for Safe, Secure, and Profitable Air Transport, Dana Air is providing discounted airfares to the organisers, participants, delegates, and partners of…

Comair collapse: Beyond rescue

Posted on June 9, 2022 by Wole Shadare

Comair, the airline that flew in British Airways colours in southern Africa will never fly again in Africa. The signs that the airline was at the closing stages of operations were imminent. They were pressed down by regulatory and financial issues. Top members of the airline for two years tried to save the carrier by seeking to secure funding but they were unable to do so-had no option to lodge the application. It is an…

Global airlines cargo volume plunges

Posted on June 9, 2022 by Wole Shadare

African airlines saw cargo volumes decrease by 6.3% in April 2022 compared to April 2021. This was significantly slower than the growth recorded the previous month (3.1%). Capacity was 1.5% below April 2021 levels. The disclosure was made by the International Air Transport Association (IATA) which released April 2022 data for global air cargo markets showing a drop in demand and contraction in capacity. The effects of Omicron in Asia and the Russia–Ukraine war according to…

FG to kick-start aviation sector road map as FCT hands 12, 000 hectare land for projects

Posted on June 9, 2022June 9, 2022 by Wole Shadare

Minister of Federal Capital Territory, Mr. Muhammed Musa Bello has handed over the Certificate of Occupancy for 12,000 hectares of land in Abuja to his aviation counterpart, Senator Hadi Sirika. The 12,000 hectares of land is for the actualization of the aviation roadmap projects of President Muhammadu Buhari-led administration. According to the Director-Planning Research and Statistics of the Federal Ministry of Aviation who represented the Minister, Mohammed Kabiru Shehu, said one of the key projects…

New Lagos int’l airport terminal in limbo

Posted on June 7, 2022 by Wole Shadare

Call it a lack of planning, you would not be wrong. The lack of foresight for the newly built terminal in Lagos has kept foreign airlines away from it, writes, WOLE SHADARE Idle terminal No one would have expected a multi-million dollar Murtala Muhammed International Airport, Lagos to remain idle months after the facility was commissioned in April by President Muhammadu Buhari considering the fact that for many years, the project which was expected to be…

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