Top Stories Archives - Page 249 of 605

Senate Committee visits NAHCO, vows to tackle firm’s major challenges

Posted on July 27, 2021 by Wole Shadare

The Nigerian Aviation Handling Company Plc, nahco aviance on Monday hosted the Senate Committee on Privatization, led by its Chairman, Senator Theodore Orji who expressed willingness to bring the desired major challenges of the Company to the floor of the Senate for consideration. He stated that his committee is saddled with the task of accessing the situation with privatized entities and intervene where necessary to ensure their operations are flawless. According to Sen, Orji, ‘’we…

….When PCR tests cost more than international air travel

Posted on July 27, 2021July 27, 2021 by Wole Shadare

As travel rebounds in many parts of the world after excruciating lockdown of air travel occasioned by COVID-19 pandemic, many countries are still hit by high costs of PCR tests-the so-called gold standard, writes, WOLE SHADARE Air travel hampered Restarting international travel is vital to supporting the 46 million travel and tourism jobs around the world that rely on aviation. Meanwhile, high cost of testing will bear heavily on the shape of the travel recovery….

Lagos Marriott Hotel to host Aviation, Cargo and Export Expo

Posted on July 25, 2021 by Wole Shadare

The newly opened Lagos Marriott Hotel will play host to the first AviaCargo event in Nigeria. The upscale Marriot was opened to the public in May 2021. Managing Director of Macfolly Hospitality Limited the owners of Lagos Marriott, Chike Ogeah led the organisers round the function suites of the hotel. “Aviation and Cargo are part of the heritage of the owners of this hotel and we are happy to be a part of this maiden…

Ilorin airport re-opens 24 hours after Air Peace tyre burst incident

Posted on July 24, 2021July 24, 2021 by Wole Shadare

NCAA, AIB, Airline dismiss crash report Overland, Arik cancel flights over runway blockage For more than 24 hours, the Ilorin International Airport runway was shut ,occasioned by Air Peace’s B737 aircraft that got stuck on the runway after two of its tyres burst shortly after landing Friday morning. The incident led to temporary closure of the run-way and prevented the operations of other airlines( Overland airways and Arik). Aviation Metric reliably gathered that the…

Blocked funds: Bangladesh, Lebanon, Nigeria top countries as trapped money hits $601 million in Africa

Posted on July 21, 2021July 22, 2021 by Wole Shadare

IATA faults stockpiling of vaccines by rich nations while continent lacks Wants Govts’ to listen to WHO The International Air Transport Association (IATA) , the clearing house for global airlines, has disclosed that over $601 million of airlines funds are trapped in some African countries; a situation that has negatively impacted carriers operating into the continent. Nigeria is listed among the countries that are keeping foreign airlines’ funds. On top of this…

How Africa can grow her aviation industry – ICAO

Posted on July 21, 2021 by Wole Shadare

Africa has 731 airports and 419 airlines with an aviation industry that supports around 6.9 million jobs and $80 billion in economic activity. The International Air Transport Association (IATA) equally alluded to the fact that the continent is set to become one of the fastest growing aviation regions in the next 20 years with an annual expansion of nearly 5%. To buttress the claim, the International Civil Aviation Organisation (ICAO) Secretary-General Dr. Fang Liu has…

Airbus delivers first A350 from its plant in China

Posted on July 21, 2021July 21, 2021 by Wole Shadare

Airbus has delivered the first A350 from its wide-body completion & delivery centre in Tianjin (C&DC), China, taking additional steps in the expansion of its global footprint and long-term strategic partnership with China. The A350-900 aircraft was delivered to China Eastern Airlines, the largest Airbus operator in Asia and second largest in the world. At the end of June 2021, China Eastern Airlines operated an Airbus fleet of 413 aircraft, including 349 A320 Family aircraft,…

Africa’s jet hull losses decreased in six years-BAGAIA

Posted on July 18, 2021July 18, 2021 by Wole Shadare

BAGASSO seeks RAOI, BAGAIA pact on regional safety oversight THE Banjul Accord Group Aviation Safety Oversight Organization (BAGASOO) has called for deeper partnership between the Regional Accident Investigation Organization (RAIO) Banjul Accord Group Accident Investigation Agency (BAGAIA) and a Regional Safety Oversight Organisation (RSOO) BAGASOO This is just as BAGAIA has said that Africa has had fewer hull losses in the past six years owing to sharing of information and capacity among member states…

Bitter-sweet topsy turvy African airlines

Posted on July 16, 2021July 16, 2021 by Wole Shadare

Many years ago, African airlines dominated the skies of Africa. Gross mismanagement and corruption saw the end of promising airlines like Nigeria Airways, Ghana Airways, Air Afrique, and others that connected the continent. Worried by the situation, leaders in the continent have continued to pursue the revival of national airlines despite the turbulence occasioned by COVID-19 and the serious financial dire straits the airline industry is confronted with. Bitter-sweet topsy turvy African airlines Aside from that, many African state-owned airlines have…

Shareholders Laud NOVA’S Growth Trajectory, Approve N800M Dividend

Posted on July 15, 2021 by Wole Shadare

NOVA Merchant Bank held its 4th Annual General Meeting in Lagos where shareholders commended the board and management for its impressive performance over the years. At the meeting held on the 30th of June 2021 at the Head Office, No. 23 Kofo Abayomi Street Victoria Island, shareholders approved the payment of N800m as dividend for the 2020 financial year and urged the Bank to continue the growth trajectory notwithstanding the current challenging macro-economic environment. While presenting…

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