Top Stories

Discover the most compelling and significant stories from the aviation industry right here. Stay in the know with our selection of top aviation news stories that highlight the latest developments, trends, and key events shaping the industry’s landscape.

Airline industry on verge of historic $1trn revenue

Posted on by Wole Shadare
Airline industry on verge of historic $1trn revenue

  The latest data from IATA show that the global aviation industry is set to achieve over one trillion US dollars in annual revenue for the first time, with forecasts indicating continued growth in the coming years. According to a report by Simple Flying. Com, industry data also show that different regions will grow at a considerable rate in the coming years, as airlines continue to experience record-high load factors and fleet utilisation, and are expected…

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IATA: Africa most expensive region for airline operations in the world

Posted on by Wole Shadare
IATA: Africa most expensive region for airline operations in the world

..Jet fuel, taxes, others, reasons for the high cost of doing business in Africa ..Carriers operate on razor-thin net profit margin of 1.3%—the lowest globally The International Air Transport Association (IATA) has listed jet fuel at 17%, taxes and fees at between 12 and 15%, air navigation charges at 10%, maintenance, insurance and capital at 6-10%, blocked funds at $954 million and high ticket prices as the reasons the cost of doing business in Africa…

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Nigeria has highest rate of grounded aircraft in the world

Posted on by Wole Shadare
Nigeria has highest rate of grounded aircraft in the world

…over 70% out for repairs, grounded due to global spare parts, engines shortage … Operators flood sector with aircraft to kill competition-Henry Nigeria’s aviation sector faces a striking paradox: while airlines like Air Peace, United Nigeria, and a few others are adding more aircraft to their fleets, domestic airfares have reached record highs—in some cases surging by 130%-250% in the final quarter of the year. Despite these acquisitions, Nigeria currently has one of the highest…

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NSIB commences probe into Flybird charter jet incident in Kano

Posted on by Wole Shadare
NSIB commences probe into Flybird charter jet incident in Kano

..8 passengers escape unhurt The Nigerian Safety Investigation Bureau (NSIB) has commenced investigation into an incident involving a Hawker 800XP aircraft with registration marks 5N-ISB at Malam Aminu Kano International Airport, Kano State. The aircraft, operated by Flybird Aircraft Management Services Limited, departed Nnamdi Azikiwe International Airport, Abuja, on Sunday, at 09:20 hours local time, as a non-scheduled domestic passenger flight bound for Kano. There were eight persons on board, comprising two cockpit crew members,…

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‘Exploitative domestic’ fares amid over capacity, stakeholders kick

Posted on by Wole Shadare
‘Exploitative domestic’ fares amid over capacity, stakeholders kick

• 200% hike not justified-Aero Contractors MD, Sanusi • Taxes, jet fuel stable, Aligbe says increase exploitative • Too much capacity on local routes-ValueJet chief Nigeria’s aviation sector has entered a “perfect storm” this December. While airlines have increased their fleet capacity compared to last year, ticket prices have surged to astronomical levels, with one-way fares to cities like Enugu, Owerri, and Asaba ranging from ₦350,000 to ₦700,000. The phenomenon of insensitive domestic airfares despite…

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Excessive pricing threat to ‘Detty December’s viability, says Onitilo

Posted on by Wole Shadare
Excessive pricing threat to ‘Detty December’s viability, says Onitilo

High ticket price driven by demand and supply-Bernard The Managing Director of Travelden (a subsidiary of Finchglow Holdings Ltd.), Gbenga Onitilo, has highlighted a significant threat to the long-term viability of the highly popular Detty December tourism season in Nigeria, particularly in Lagos. His concern centres on excessive pricing and price gouging across the hospitality and entertainment sectors, just as his warning, primarily directed at the tourism and hospitality sectors, could threaten the entire tourism…

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IATA: Ten African nations, excluding Nigeria responsible for 89% of blocked funds

Posted on by Wole Shadare
IATA: Ten African nations, excluding Nigeria responsible for 89% of blocked funds

The International Air Transport Association (IATA) said that 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, totalling $1.08 billion. Nigeria’s name was removed from the list after the Nigerian government repatriated over $700 million in trapped funds last year, restoring the country’s reputation in the global aviation industry. The clearing house for more than 300 global airlines said that $1.2 billion in airline funds are…

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Senate says 400% rise in airfares unacceptable, summons Minister

Posted on by Wole Shadare
Senate says 400% rise in airfares unacceptable, summons Minister

… Describe as outrageous N400, 000, N600, 000 flights On Tuesday, the Senate summoned the Minister of Aviation and Aerospace Development, Festus Keyamo, and other key stakeholders in the sector for an urgent interface to address the effects on air travellers. The resolution of the apex legislative Chamber was made in response to public outcry over rising domestic airfares in Nigeria. The Senate decried the situation and asked Keyamo, airline operators, regulators, and other industry…

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Economics, physical toll, time saving of ultra-long-haul flights

Posted on by Wole Shadare
Economics, physical toll, time saving of ultra-long-haul flights

The experience of an ultra-long-haul (ULH) flight is often a trade-off between the undeniable convenience of a non-stop journey and the physical and mental toll of spending 18 to 20 hours in a pressurised aluminium tube, writes WOLE SHADARE The economics of ultra-long-haul (ULH) flights, typically defined as services scheduled for 16 hours or more, are driven by specific high-cost factors and by a reliance on high-yield premium demand to achieve profitability. Ultra-long-haul flights push…

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MMA2, WEMA Bank Ink Partnership For Christmas

Posted on by Wole Shadare
MMA2, WEMA Bank Ink Partnership For Christmas

Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal Two (MMA2), once again opened its doors to MBR Signature Events and Entertainment Company through a vibrant partnership with Wema Bank to usher the spirit of Christmas into the terminal. While welcoming guests to the event, Mr. Kola Bamigboye, Acting Chief Operating Officer and Head, Space & Premises Management, expressed delight in hosting the ceremony. He stated that BASL is pleased to welcome…

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